Deutsche Bank has pointed out that it has a risk exposure of 26 billion euros (30 billion US dollars) in the private credit sector. This asset class is currently facing issues such as fund redemptions, reviews of underwriting standards, and the impact of artificial intelligence on some borrowers like software manufacturers. According to the annual […]
After investors sought to redeem an amount far exceeding the fund’s allowable redemption limit, Morgan Stanley and Cliffwater LLC restricted the redemption amount of their multibillion-dollar private credit fund. Cliffwater’s flagship private credit fund, which has assets of $33 billion, limited redemptions to 7% in the first quarter after investors had sought to withdraw a […]
The Wall Street Journal reported that the International Energy Agency proposed releasing the largest-ever amount of oil reserves in an effort by governments to curb the soaring energy prices caused by the war in the Middle East. According to the report, citing informed officials, the proposed release plan circulated at the emergency meeting of energy […]
US President Donald Trump said he would waive sanctions related to oil, have the US Navy escort oil tankers through the Strait of Hormuz, and predicted that the war with Iran would be “quickly” resolved. Meanwhile, he is facing growing economic and political pressure, as well as the sharp fluctuations in the oil market in […]
Senior strategist Ed Yardeni updated his outlook for the current “era of rapid change”, saying that as the escalation of the Iran war impacts global markets, the risk of a major sell-off in the US stock market this year is growing. Adeney has raised the probability of a market crash in the remainder of this […]
The Federal Reserve said that in recent weeks, economic activity in most parts of the United States has grown at a mild to moderate pace, but an increasing number of regions have reported that economic activity has been flat or declined. The Federal Reserve’s Beige Book survey released on Wednesday found that in many regions, […]
Goldman Sachs Group CEO David Solomon said he is closely watching for a “bubble” in the private credit market, but unlike some of his peers, he doesn’t see any major reasons for concern. Solomon said in an interview with Bloomberg Television in Sydney on Thursday: “We are closely monitoring the market for signs of excessive […]
US President Donald Trump said that the United States will offer insurance guarantees and naval escorts to ensure the safe passage of oil tankers and other vessels through the Strait of Hormuz, aiming to prevent an energy crisis that could be triggered by a potential war with Iran. Trump said on Tuesday that the US […]
Citigroup has raised its short-term Brent crude oil price forecast by $15 per barrel to $85 per barrel. The bank expects the global benchmark Brent crude oil price to fluctuate between $80 and $90 this week due to ongoing risks to energy infrastructure and the disruption of natural gas transportation through the Strait of Hormuz. […]
Just a few weeks ago, the US military launched an airstrike on Venezuela and arrested the country’s president. This weekend, Trump ordered an attack on Iran, resulting in the death of Iran’s Supreme Leader Khamenei. This move has gone even further. So far, dozens of people have been killed, including three US soldiers. Hundreds of […]