Brookfield Asset Management Inc. CI A (BAM) News
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BAM News Highlights
- BAM's 30 day story count now stands at 15.
- Over the past 22 days, the trend for BAM's stories per day has been choppy and unclear. It has oscillated between 1 and 3.
- The most mentioned tickers in articles about BAM are GAME, ARM and BX.
Latest BAM News From Around the Web
Below are the latest news stories about BROOKFIELD ASSET MANAGEMENT LTD that investors may wish to consider to help them evaluate BAM as an investment opportunity.
Goldman (GS), Omers Partner for Private Credit in Asia PacificGoldman's (GS) asset management arm, Goldman Sachs Asset Management, is set to co-invest in private credit transactions in the Asia Pacific region with Ontario Municipal Employees Retirement System. |
Brookfield enters second renewable energy joint venture with Axis EnergyAxis Energy Ventures, a flagship of North Carolina-based Axis Energy, will contribute its existing development pipeline of wind and solar power projects to the JV. The JV, which comes at a time when demand for clean energy is booming, aims to provide energy solutions to government entities, corporate customers, and emerging industries such as green hydrogen, the statement added. "We foresee strong growth in India on the back of the government’s target of 500 GW of renewable energy by 2030, and its stated objective of energy security," said Nawal Saini, managing director of Brookfield. |
Aramco to Enter Global LNG With Stake in MidOcean Energy(Bloomberg) -- Saudi Aramco agreed to buy a stake in MidOcean Energy for $500 million, its first investment in liquefied natural gas as the company seeks to diversify beyond its core oil business. Most Read from BloombergPakistan Rupee Set to Become Top Performing Currency Globally ‘Fortnite’ Maker Epic Games Is Cutting About 16% of StaffBiden Impeachment Hearing Heavy on Politics, Light on SubstanceElon Musk Wins US Space Force Contract for StarshieldUAW Aims For At Least 30% Wage Bump to Woo N |
SBB Will Only Use Half of $720 Million Cash for Debt, S&P Says(Bloomberg) -- SBB, the landlord at the center of Sweden’s property crisis, will deploy roughly half of a cash lifeline to repay upcoming debt maturities, according to comments by rating firm Standard & Poor’s.Most Read from BloombergDimon Warns 7% Fed Rate Still Possible, Times of India SaysRepublican Moderates Turn to Rare Maneuver to Avoid Lengthy Government ShutdownIndians Have Five Days to Deposit $3 Billion in Soon-to-Be-Withdrawn BanknotesApple’s $59 Fake-Suede iPhone Case Is Its Biggest |
Sweden’s Embattled SBB Plans Break Up to Ease Funding Crisis(Bloomberg) -- Struggling Swedish landlord SBB took a major step toward stabilizing its finances with a cash injection and a plan to divide up its operations, sending a signal that money is available despite the country’s real estate crisis. Most Read from BloombergIndians Have Five Days to Deposit $3 Billion in Soon-to-Be-Withdrawn BanknotesIndia-Canada Clash Should Be a Wake-Up CallStocks Edge Up, Bonds Sink as Fed Talk Digested: Markets WrapChinese Gold Buying Is Driving a Paradigm Shift in B |
UPDATE 2-SBB sells 1.16% of education unit, receives $700 mln as part of loan repaymentSwedish property group SBB on Sunday divested 1.16% of its education subsidiary EduCo to Brookfield Super-Core Infrastructure Partners for around 242 million Swedish crowns ($21.73 million) as it looks to bolster its finances. SBB will hold approximately 49.84% of EduCo after the divestment, following which EduCo will be controlled by Brookfield. Sweden is in the grips of a worsening property crisis, with developers grappling with large debts, rising interest rates and a wilting economy. |
Growth in Financials: This Stock Can Double by 2030A much more realistic way to find stocks that can double your money is to follow the rule of 72. This quick formula estimates the years it would take for an investment to double, given an expected annual rate of return. You divide 72 by the expected return to get the number of years it would take for that investment to double. |
Brookfield’s CFO Says Private Credit and Banks Can Co-Exist(Bloomberg) -- Brookfield Corp. sees private credit firms and banks working together in the $1.5 trillion market, even as direct lenders continue to fill the gap left by their counterparts in a high interest-rate environment. Most Read from BloombergCaesars Entertainment Paid Millions to Hackers in AttackVideo-Game Company Unity Closes Offices Following Death ThreatWhen the Homeowners Association Comes for Your HomeDisney Holds Initial Talks on Sale of ABC to Local Broadcaster NexstarChip Design |
Blackstone (BX) Combines Its Credit and Insurance GroupsBlackstone (BX) integrates its credit, asset-based finance and insurance groups into a single unit called Blackstone Credit & Insurance. |
Banks Rush to Gain Foothold in $1.5 Trillion Private Credit Market(Bloomberg) -- Banks are increasingly muscling in on the $1.5 trillion private credit market in a move that further blurs the lines between private-lending funds and their traditional banking rivals. Most Read from BloombergCaesars Entertainment Paid Millions to Hackers in AttackVideo-Game Company Unity Closes Offices Following Death ThreatWhen the Homeowners Association Comes for Your HomeRay Dalio Says He Doesn’t Want to Hold Bonds, Cash ‘Is Good’Russian Elite Bring Back $50 Billion of Assets |