(Reuters) - Collapsed U.S. lender SVB Financial Group said on Thursday that an entity affiliated with Pinegrove Capital Partners will acquire its investment platform business, SVB Capital.
Pinegrove Capital Partners, backed by permanent capital from Brookfield and Sequoia Heritage, will buy SVB Capital for a combination of cash and other economic considerations, SVB Financial said. It did not disclose a financial value.
SVB Financial is... (continue reading...)
HONOLULU (Reuters) - U.S. Defense Secretary Lloyd Austin said on Thursday he did not see any indication Hamas was planning any attack on U.S. troops in Gaza but added adequate measures were being put in place for the safety of military personnel.
"I don't discuss intelligence information at the podium. But I don't see any indications currently that there is an active intent to do that," Austin said during a press briefing.
"Having said... (continue reading...)
HONOLULU (Reuters) -The injuring of Filipino crew and damage to Philippine vessels in the South China Sea is "irresponsible behaviour and disregards international law", U.S. Defense Secretary Lloyd Austin told a joint press conference on Thursday.
Philippines Defense Secretary Gilberto Teodoro told the press conference the job was to ensure that through building capacity and deterrence there were no situations where a Mutual Defense Treaty would be... (continue reading...)
By Summer Zhen
HONG KONG (Reuters) - Global hedge funds that use an equities long-short strategy are growing increasingly bullish on China, evidenced by the heavy pick-up in their purchases of Hong Kong-listed shares, UBS Group said in a note.
Hong Kong's stock markets, which closely mirror China's struggling performance, have recovered since March as Beijing rolled out economic support measures. The Hang Seng Index rose more than 7% in... (continue reading...)
NEW DELHI (Reuters) - India's main opposition Congress party said on Friday that Rahul Gandhi, the face of the party and its former president, will contest general elections from the family bastion seat of Raebareli in north India as well.
The decision of the party and the family to field Gandhi from the seat in Uttar Pradesh state signals their confidence to take on the political might of Prime Minister Narendra Modi's Bharatiya Janata Party (BJP). ... (continue reading...)
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