Trump said he will raise tariffs on $250 billion in Chinese goods to 30% and hike duties on another $300 billion in products to 15%.Politicsread more
Stocks dropped after Donald Trump ordered that U.S. manufacturers find alternatives to their operations in China.US Marketsread more
Federal Reserve Vice Chair Richard Clarida said Friday that the global economy has deteriorated in the past month.Marketsread more
The latest escalation in the trade war ups the odds the economy will fall into recession and that the Fed will aggressively cut rates.Market Insiderread more
Here are the products that stand to be the most affected by China's new tariffs on $75 billion worth of U.S. goods.Marketsread more
"We don't need China and, frankly, would be far better off without them," Trump tweeted.Politicsread more
"My only question is, who is our bigger enemy, Jay Powell or Chairman Xi?" Trump wrote amid a series of tweets that rattled markets Friday.Politicsread more
"I would love this to be clarified. We come to a deal on trade, boy, this market is up 10 to 15%, but without it's going to be worrisome," Jeremy Siegel says.Marketsread more
The final week of August could be highly volatile as markets fret over the economy and the latest developments in trade wars.Market Insiderread more
Tesla solar energy systems reportedly ignited at an Amazon warehouse in Redlands, California last June, and the Seattle e-commerce titan confirmed that it has no further plans...Technologyread more
The death comes as federal and state health officials investigate a slew of lung illnesses in connection to e-cigarette use.Health and Scienceread more
LONDON/FRANKFURT, July 26 (Reuters) - Deutsche Bank's asset manager DWS is in talks to raise at least 2.5 billion euros ($2.78 billion) for a new infrastructure fund, three sources told Reuters, tapping into strong investor demand for the asset class.
DWS, 79.5% owned by Deutsche Bank, aims to reach the first close of the fund soon after the summer, the sources said, speaking on condition of anonymity.
The fund is expected to beat its 2.5 billion euro target, securing slightly more than 3 billion euros ($3.34 billion) with a first close of almost 1.5 billion euros to be announced towards the end of September, the sources said.
The new fund, known as PEIF III, will be launched next year, they said.
A DWS spokesman declined to comment.
The plan comes as several international investment firms, including Australia's Macquarie and France's Ardian, have also recently raised new mega funds taking advantage of investors' confidence that infrastructure will deliver strong returns in a low interest rate environment.
DWS, which last month bought Belgian public transport operator Hansea, is primarily targeting infrastructure investments in the transportation, telecoms and energy sectors, the source said.
It will also allocate part of its new fund to so-called "core plus infrastructure" which typically includes assets in adjacent sectors such as smart grids and services businesses.
The Frankfurt-based asset manager, which had 719 billion euros of assets under management as of June 30, raised 1.8 billion euros in 2017 for its second pan-European infrastructure fund along with an additional 800 million euros allocated to co-investments.
The company, which has a market value of around 6.2 billion euros, has been a prolific buyer of infrastructure businesses, bidding for anything from motorways and airports in countries including Britain, Germany and Italy.
It recently expressed interest in taking control of British rail and bus firm Arriva which is in the process of being auctioned off by owner Deutsche Bahn.
Earlier this year, DWS teamed up with Dutch pension fund PGGM for a 26 percent stake in German utility EWE, with final bids due in September, sources previously said.
DWS's fundraising follows last month's closing of Macquarie's sixth European Infrastructure Fund with 6 billion euros of committed capital which went well beyond its initial target of 5 billion euros.
French investment firm Ardian raised 6.1 billion euros for its fifth fund in March, taking less than six months to fulfill its fundraising ambitions. ($1 = 0.8983 euros) (Editing by Jane Merriman)