Palantir Technologies, the data company founded by Peter Thiel, is in discussions to raise money from private investors that would value the company at $26bn, three people familiar with the talks said.
A Supreme Court ruling in the UK, a deluge of Federal Reserve speakers, the 74th UN General Assembly and climate change discussions in New York make for a busy week. Here’s what to watch in the coming days.
The London Bullion Market Association has removed Michael Nowak, JPMorgan’s head of precious metals trading, from its board after he was indicted by the US Department of Justice for a “massive, multiyear scheme” to manipulate the precious metals markets.
New York City mayor Bill de Blasio has dropped out of the 2020 presidential race, ending a long-shot attempt to snare the Democratic nomination that failed to gain national traction and drew fierce criticism from the city he runs.
Swiss gold exports to the UK reached their highest levels in seven years last month, driven by strong investor demand for gold-backed exchange traded funds and a slowdown in demand for the metal in India and China.
Sanjeev Gupta’s first high-yield corporate bond has priced with an unusually steep double-digit coupon, after the UK metals magnate was forced to inject $150m of his own money as a concession to win over investors.
Shares in Trainline fell 6 per cent on Friday after investors including its biggest shareholder, private equity group KKR, cashed in on what was one of Europe’s most successful initial public offerings this year.
China’s central bank narrowly cut a key benchmark lending rate in another tentative sign of monetary easing as the world’s second-biggest economy grapples with a slowdown partly induced by a trade war with the US.
Australia’s banking regulator has failed in a legal challenge against IOOF Holdings, one of the country’s biggest wealth managers, and several of its directors, which it had accused of failing to act in the best interests of pension fund members.
Japanese consumer price growth slipped to a two-year low in August, data showed on Friday, in a development that could complicate matters for the country’s central bank, which held off on unveiling any major new easing measures this week.
US equities ended flat, with an afternoon slide leaving them worse off than their European and Asian counterparts as markets digested increasingly dovish signals from multiple rate-setting decisions by central banks across the globe.
Sterling climbed back over the $1.25 mark in a rally sparked by comments from European Commission president Jean-Claude Juncker, who offered confidence the EU and UK can reach a Brexit agreement before the October deadline.
The Trump administration has issued visas to Iranian president Hassan Rouhani and the country’s foreign minister to attend the UN General Assembly next week in New York, as US officials debate how to respond to the alleged Iranian attack last weekend on oil facilities in Saudi Arabia.