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British auction house Christie’s said on Tuesday it plans to expand its physical presence in Hong Kong by 2024 with galleries and salerooms more than four times larger than it currently has, betting on a growing art market in the Read more
U.S. consumer confidence hovered at a 17-month high in July, suggesting the economy maintained its strong growth clip at the start of the third quarter. The Conference Board said on Tuesday its consumer confidence index was little changed at a Read more
Macquarie Group Ltd’s (MQG.AX) asset management division has raised $6.9 billion for its latest fund dedicated to investing in North American infrastructure, well over its $5 billion target, the Australian bank told Reuters on Tuesday. The fundraising was completed as Read more
Brazilian payments firm Conductor has hired banks for an initial public offering in the United States that could come as early as this year, as Latin America’s financial sector is enlivened by the arrival of several newcomers, three sources familiar Read more
Global exchange-traded funds (ETFs) have attracted record investments this year, driven by a rally in equities, low interest rates and ample cheap cash. According to Refinitiv data, global ETFs received a combined inflow of $639.8 billion in the first half Read more
U.S. aerospace manufacturer Raytheon Technologies Corp (RTX.N) on Tuesday raised its full-year profit forecast and beat quarterly expectations on the back of higher demand for its commercial engines, spare parts and aftermarket services. Shares of the company, which posted a Read more
U.S. single-family home prices in 20 key urban markets rose in May from a year earlier at the fastest pace in nearly 17 years, a closely watched survey said on Tuesday. The S&P/Case Shiller composite index of 20 metropolitan areas Read more