Bain Capital Ventures, the
venture capital division of the eponymous Boston-based
investment firm, said it has raised a new $1 billion fund to
invest in startups, adding to a year of big-dollar fund-raising
by tech investors.
Australian shares edged lower on Thursday
as financial stocks tracked their Wall Street counterparts,
although stronger oil stocks provided some support for the
broader market as crude prices recovered.
China's new home prices rose 1.0
percent in October from a month earlier, faster than a 0.9
percent increase in the previous month, Reuters calculated from
data published on Thursday by the National Bureau of Statistics
As contagion from worries over
global growth and trade friction pushes Asian equity, bond and
currency markets deeper into bear territory, fund managers are
hunting for bargains in Chinese and Indian equities and
high-yielding Asian dollar bonds.
Sterling is being whiplashed by
Brexit headlines and Brexit headlines only these days, it seems.
This is understandable, but the currency's fate next year will
be determined by global economic conditions, which may be about
Prominent hedge funds,
including Baupost Group and Viking Global Investors, may be
bearing the brunt of utility PG&E Corp's tumbling share
price after raising bets on the utility in the months ahead of
the Camp Fire, California's deadliest wildfire.