Tag: Yahoo Finance

Lack of legal clause leaves crisis-hit Lebanon bonds prone to litigation

LONDON/BEIRUT, Nov 26 (Reuters) - As Lebanon's crisis-hit bonds flash warnings of a sovereign debt distress ahead, any potential restructuring is likely complicated by the absence of widely-used legal clauses barring bondholders from holding up the negotiations in the courts. Lebanon is one of the few countries - alongside the Bahamas, Azerbaijan, Macedonia and Poland - to not include so-called enhanced collective action clauses, or CACs, in the legal framework governing its recent bond sales. The crisis-hit Mediterranean state has issued around $15 billion of international bonds since October 2014 without those clauses - more than any other country, according to an International Monetary Fund report from March....

Premium Millennial Generation Portfolio

There are now more than 80 million Millennials, born between 1982 and 2000 and ranging in age from their early 20s to their late-30s. This generation is the largest in history – bigger than even the Baby Boomers. According to our research, Millennials currently account for 24% of total U.S income – some $2.9 trillion in direct annual purchasing power, mostly representing older Millennials established in their work and families. The intersection of several trends – sustainability, healthier living, and an entrepreneurial spirit – has resulted in the emergence and growth of numerous companies well-suited to the millennial generation. The Argus Millennial Generation portfolio consists of 30 stocks that fit many of these themes....

Former Actis partner joins XP to launch private equity funds – sources

Brazilian investment firm XP Inc is preparing to launch private equity funds, as the company seeks to offer a broader investment portfolio to its clients, two sources with knowledge of the matter said on Tuesday. Former Actis partner Chu Kong has joined XP as a partner to lead the firm's private equity strategy, the sources added. When at Actis, Kong was responsible for buying a stake in XP in 2010, which it completely divested in 2016....