Alibaba Group Holding Ltd. received a rare downgrade from Wall Street on the same day it lost its crown as China’s most valuable e-commerce firm to one of its main rivals.
HPS personifies the remarkable ascent of direct lending, and its threat to Wall Street.
Shares in Asia opened mixed after Wall Street saw a late-day rebound in trading, helping the S&P 500 notch one of its biggest November rallies on record. Recent gains in Treasuries stalled.
Louis Bacon’s Moore Capital Management and the publisher of British tabloid the Daily Mail are launching a new venture fund to be led by Moore executive James McIntyre, according to people familiar with the matter.
Japan’s businesses increased investment modestly, showing hints of resilience even as the broader economic recovery loses momentum.
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