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Top StoriesFactbox-Impact of Strike by South Korean Truckers on Autos, Steel, Others
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Top StoriesU.S. Broadcaster Radio Liberty Fined $325,000 in Russia for ‘fake News’ – Interfax
Russia Says It Will Push Ukrainian Forces Back to Defend Against Longer-Range Weapons
Date: June 6, 2022
LONDON (Reuters) – Moscow said on Monday that Western deliveries of longer-range arms to Kyiv would make Russia push Ukrainian forces further back from its borders, essentially increasing the potential territorial losses for Ukraine in the invasion. The United States has ruled out sending its own or NATO forces to Ukraine but Washington and Britain...
Hedge Fund Elliott Sues Lme for $456 Million Over Nickel Trading Halt
Date: June 6, 2022
By Selena Li and Eric Onstad HONG KONG/LONDON (Reuters) -U.S. hedge fund Elliott Associates is suing the London Metal Exchange (LME) for $456 million for cancelling nickel trades after chaotic trading in March that forced the exchange to suspend its nickel market, the LME said on Monday. The legal action piles more pressure on the...
Barclays Raises Brent Forecasts on Russia Oil Sanctions
Date: June 6, 2022
(Reuters) – Barclays on Monday raised its Brent crude price forecasts by $11 per barrel for 2022 and $23 for 2023, citing a larger and sustained disruption in Russian supply following sanctions by the European Union. The British bank sees Brent prices averaging $111 this year and next, while it sees U.S. West Texas Intermediate...
Factbox-Notable Quotes of Britain’s Queen Elizabeth
Date: June 2, 2022
LONDON (Reuters) – Britain’s Queen Elizabeth, who is celebrating her Platinum Jubilee, has never given an interview during her 70-year reign, but her regular public speeches sometimes give an insight into her private thoughts. Here is a selection of extracts from speeches, addresses and contributions to documentaries given by the queen: “It’s inevitable that I...
Iata Says Post-Pandemic Airport Chaos Will Get Fixed
Date: May 31, 2022
By Layli Foroudi PARIS (Reuters) – A top airline industry official called on Tuesday for calm surrounding recent travel chaos at some airports as people resume flying after the pandemic, blaming the gridlock on temporary delays in getting clearances for new staff. A snapback in air travel has triggered long queues at some British airports,...
How to Extract Value at the End of an Investment Vehicles Life?
Date: May 30, 2022
By Henry Page and Louis Byrne at Mercer & Hole Investment or Special Purpose Vehicles are set up to deliver a specific project, be that an investment, joint venture or other opportunity that the investor (hedge fund, P/E, or family office) has identified. By its very nature the vehicle will have a limited time horizon...