News

On February 24, Loeb stated at an alternative investment conference held in Miami Beach, USA, that his asset management company will launch a Business Development Company (BDC) on April 2. Previously, Third Point had launched an insurance solutions fund, which closed last summer with a scale of $400 million. Expand

Gross listed Oracle, Microsoft, and IBM as part of the group that is being "rapidly eliminated." "Maybe it's not a single-elimination tournament, but it sure feels like one," wrote the Pimco co-founder. "I'm staying away from them." Gross stated that traders should "be content with single-digit returns," and mentioned Western Midstream Partners, Verizon Communications, and AT&T.

The Ministry of Economy stated that the state-owned oil transportation company under its jurisdiction has been informed that the date for resuming oil delivery through the "Druzhba" pipeline is set for the 26th. Previously, the Slovak Ministry of Economy had cited the Ukrainian side as saying that the resumption date was the 25th. The Ukrainian side did not specify the reason for the delay. The Ministry of Economy also said that it has learned of a fire at a pumping station on the Russian section of the "Druzhba" pipeline, but according to current information, the extent of the damage will not affect future oil deliveries to Slovakia. Expand