Avenue Capital CEO Lasry on Distressed Investing, NBA, Election

Aug.11 — Marc Lasry, chairman, chief executive officer, and co-founder at Avenue Capital Management, and co-owner of the Milwaukee Bucks, discusses the investment opportunities he sees in distressed assets, NBA team valuations, and the 2020 U.S. presidential election. He speaks with Bloomberg’s Vonnie Quinn on “Bloomberg Markets.”

No Chance Fed Raises Rates for Next 1-2 Years: Pimco’s Kiesel

Aug.11 — Mark Kiesel, global credit chief investment officer at Pacific Investment Management Co. (Pimco), says the Federal Reserve won’t raise interest rates for at least two years. He speaks during an interview with Bloomberg’s Jonathan Ferro on “Bloomberg The Open.”

Democrats target Texas

For the first time in 25 years a Democratic presidential candidate is running TV ads specifically targeting Texas, and Democrats say even a small investment in the Lone Star state could boost down-ballot contests and force Republicans to shift resources from other battlegrounds. Subscribe: http://smarturl.it/reuterssubscribe Reuters brings you the latest business, finance and breaking news … Read more Democrats target Texas

China Energy in South Africa holds open day event on wind power project

An Open Day to showcase operations, COVID-19 pandemic prevention and control measures, and resumption of work at the De Aar wind power project, South Africa’s largest wind power project, was held on August 10. Themed “Greener Energy, Greener Life,” the event was presided over by Longyuan South Africa Renewables of China Longyuan Power Group Corporation … Read more China Energy in South Africa holds open day event on wind power project

Taxpayers to foot £350m for NI / GB border, despite promises to business there won’t be one

The government has pledged £350m for businesses trading between NI and Great Britain, despite insisting that checks will not be needed between Great Britain and Northern Ireland. Cabinet Minister, Michael Gove announced the investment while on a visit to the province on Friday. Questions have been raised however on why so much is being spent … Read more Taxpayers to foot £350m for NI / GB border, despite promises to business there won’t be one

Ranadive Calls SPACs ‘Greatest Wealth Creation Opportunity in History’

Aug.07 — Vivek Ranadive, Bow Capital founder and Sacramento Kings owner, discusses investment opportunities in special purpose acquisition companies (SPACs) and says other sports leagues should take a page out of the National Basketball Association’s approach to resuming play amid the Covid-19 pandemic. He speaks with Bloomberg’s Vonnie Quinn and Amanda Lang on “Bloomberg Markets.”

Bridgewater’s Prince on Managing Investments Amid a Zero-Rate World

Aug.07 — Bob Prince, co-chief investment officer at Bridgewater Associates, discusses the impact of the coronavirus pandemic on the U.S. economy, bond investment strategy in a near-zero interest rate environment, and the future for the U.S. dollar as a reserve currency. He speaks with Bloomberg’s Jonathan Ferro on “Bloomberg The Open.”

CMBS Pioneer Says Industry Bailout Bill ‘Doesn’t Make Any Sense’

Aug.06 — MREC Management founder and Chief Investment Officer Ethan Penner says a proposed federal bailout for the commercial mortgage-backed securities market that favors specific borrowers “doesn’t make any sense at all.” He speaks on “Bloomberg Markets: The Close.”