Guggenheim affiliate buys up debt linked to its asset management arm
Loan has been closely watched as a proxy for Mark Walter’s private-held investment firm
Economic news
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Warsh settles some nerves at Jackson Hole
Speech gave a crisper picture of how he reads the economy but leaves open questions over Fed ‘reaction function’
Fed Chairman Warsh expresses concern about inflation advocates for ‘quieter’ central bank: Watch live
He used the speech to outline his philosophy on policymaking while carefully sidestepping any signals
How batteries are reshaping the solar power business model
Also in today’s newsletter, are global emissions approaching a peak?
Aberdeen fund takes £200mn hit on failure of UK broadband provider
Sale of Airband to Macquarie-backed rival is latest sign of distress in indebted ‘altnet’ sector
‘I am still extremely angry’: the Woodford collapse continues to confound investors
Campaigners push for a public inquiry, complaining that few lessons have been learnt