UBS to liquidate $2 bln real estate fund as office downturn bites

UBS is to liquidate a $2 billion real estate fund it acquired when it bought Credit Suisse, the Swiss bank said on Thursday, in the latest sign of investors selling out of troubled commercial property markets.

Dutch payments company Adyen beat half-year core profit expectations driven by market share gains, slower hiring and lower one-off expenses on Thursday, sending its shares more than 5% higher.

Shares in Admiral soared 11% on Thursday after the British motor and home insurer posted forecast-beating profit for the first half of the year, led by a strong UK motor performance, and said it would pay a special dividend.

South Africa’s Standard Bank said on Thursday its half-year profit rose by 4%, helped by franchise growth in its banking businesses and strong earnings in its insurance and asset management unit.

EQT would raise $12.5 billion for its new Asia-focused fund, the Swedish investment firm said on Wednesday.

Ernst & Young (EY) and KPMG have snapped up over half of PwC’s corporate clients in China that have fled the market’s leading accounting firm as it faces a regulatory probe, filings show.

Goldman Sachs and Morgan Stanley purchased a total of more than $600 million in spot bitcoin exchange-traded funds (ETFs) during the second quarter, regulatory filings showed on Wednesday.

A handful of institutional investors bought large positions in former President Donald Trump’s media company in the second quarter ahead of the company’s inclusion in two Russell indexes, regulatory filings released on Wednesday showed.

Another group of broker-dealer and investment advisers have agreed to pay over $470 million to U.S. regulators to settle civil charges they violated recordkeeping rules, the U.S. Securities and Exchange Commission and Commodity Futures Trading Commission said in statements on Wednesday.

Warren Buffett’s Berkshire Hathaway acquired stakes in cosmetics store chain Ulta Beauty and aircraft parts maker Heico during the second quarter, when it also nearly halved its huge stake in Apple .

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