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Norway Wealth Fund Will Not Invest In Private Equity, Government Says

Norway wealth fund will not invest in private equity, government says By Gwladys Fouche OSLO (Reuters) -Norway's $1.6 trillion sovereign wealth fund, the world's largest, should not be allowed to include private equity investments in its portfolio at this time, the government said on Friday, in a setback for the…
Nicolai Tangen Terje Solsvik Gwladys Foucheediting Peter Graff Andrew Cawthorne Gwladys Fouche

Analysis-Swiss banking plan leaves 'relieved' UBS out of immediate firing line

UBS could take years to feel the bite of new regulations after the Swiss government set out plans aimed at keeping the "monster bank" in line that were light on detail and heralded a tortuous political process to enshrine them in law. Shares in the Zurich-based lender took a knock on Wednesday after the finance ministry said its "too big to fail" recommendations envisaged tougher capital requirements for UBS and other systemically important banks following the rescue of its ...
Cedric Wermuth Stefania Spezzati Noele Illien Oliver Hirt John Revill Peterv Kunz
Source: yahoo.com

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US agrees to delay Senator Bob Menendez's corruption trial over wife's health

U.S. prosecutors asked a federal judge on Wednesday to delay the corruption trial of New Jersey Senator Bob Menendez and his wife by at least two months, after lawyers for Nadine Menendez said she faced a serious medical condition that required surgery. In a letter to U.S. District Judge Sidney Stein in Manhattan, prosecutors asked that the May 6 trial date be pushed back to July or August, though they still oppose granting the Menendezes' requests to be tried separately. Prosecutors said...
New Jersey United States West Virginia New York Jonathan Stempel Sidney Stein
Source: yahoo.com

Barclays reduces Fed rate cut view to one in 2024

Barclays economics team on Wednesday said it now sees the U.S. Federal Reserve cutting rates just one time in 2024, by 25 basis points (bps), in light of the upside surprise to the consumer price index (CPI) data released today. Data on Wednesday showed U.S. consumer prices increased more than expected in March, a third straight month of strong readings, according to data released by the Labor Department, and came on the heels of a strong jobs report last week. While the firm said a slowing in...
Chuck Mikolajczak Peter Graff Labor Department
Source: yahoo.com

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