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Federal Reserve officials left interest rates unchanged, but a fractured vote signalled growing conviction among some policymakers that higher rates are needed to curb resurgent inflation. Read More
(Bloomberg) — The US rates market is signaling a higher chance of a Federal Reserve hike than prediction markets, creating an arbitrage opportunity which at least one institutional investor appears to be trying to exploit. Read More
NEW YORK — Influence Media Partners (“Influence Media” or “Influence”), in collaboration with funds and accounts managed by affiliates of BlackRock, has signed an agreement to acquire substantially all of the assets of Anthem Entertainment (“Anthem”), being its music publishing catalogs, film & TV publishing assets and its portfolio of master recordings, for a purchase price of over US $600 million. Read More
(Bloomberg) — Bank of Montreal recently completed two significant risk transfers covering about $5 billion of corporate loans, becoming the latest Canadian lender to tap strong investor demand for the instruments. Read More
Calgary-based Precision Drilling Corp. posted higher second-quarter revenue as rising oil prices fuelled a spike in drilling activity in Canada, but its international division struggled with challenges during conflict in the Middle East. Read More
(Bloomberg) — The US’s conflict against Iran looks set to drag on, possibly for months, with the sides unable to break a deadlock over the Strait of Hormuz and achieve a lasting ceasefire deal, according to several current and former officials from the US, Iran and Europe. Read More
