Funding & Business
Evercore's Schlosstein on Economy, Fed and NYC Mayoral Race
Evercore Chair Emeritus Ralph Schlosstein says the US economy is in solid shape and the Federal Reserve is correct to stay patient on rates. Speaking with Romaine Bostick on “Bloomberg The Close,” Schlosstein also comments on the federal spending bill and the New York City mayoral race. (Source: Bloomberg)
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Turkey raised withholding taxes on lira-denominated deposits and mutual funds, tightening its grip on household savings as it seeks fresh revenue to ease the budget deficit.
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The Hong Kong Jockey Club is divesting as much as $1 billion in funds held with Blackstone Inc. and other buyout firms, offloading US assets amid escalating trade tensions that have intensified since Donald Trump’s presidency.
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European private equity firm Exponent has raised more than €1 billion ($1.2 billion) for its latest flagship fund focused on mid-market investments.
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