asset management giant

Indian Tycoon Tries To Soothe RelComm Investor Fears

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Indian billionaire Anil Ambani insisted Friday that debt-saddled Reliance Communications had a bright future as he moved to reassure investors who are worried that the telecoms company is close to defaulting on loans. The 57-year-old tycoon, whose telecommunications business is being squeezed by his brother’s own mobile network venture, made a rare address to the … Read more

Blackstone, Saudi Fund To Invest $40 Bln In US Infrastructure

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US asset management giant Blackstone and Saudi Arabia’s main sovereign wealth fund announced Saturday they are launching a $40 billion investment vehicle to finance infrastructure renovation in the United States. The announcement comes as President Donald Trump, who has promised to invest $1 trillion in a major infrastructure plan in the United States, visits Saudi … Read more