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At the beating heart of Moscow, directly opposite the Kremlin on the eastern side of Red Square, you’ll find Russia’s most famous shopping mall. Known as GUM, the ornate neo-classical building sits a stone’s throw from St Basil’s cathedral and the mausoleum of Lenin, the man who attempted to overthrow capitalism.  Yet it has, in …

At the beating heart of Moscow, directly opposite the Kremlin on the eastern side of Red Square, you’ll find Russia’s most famous shopping mall Read More »

By Nell Mackenzie LONDON, Feb 10 (Reuters) – Billionaire investor William Ackman’s Pershing Square fund reaped $2.7 billion on interest rate trades in 2022, but not enough to plug losses and the fund finished the year down almost 9%, according to an investor presentation seen by Reuters. U.S.stock indexes had a dismal 2022 with the …

Ackman's Pershing Square reaps $2.7 bln from rate trade but down 9%… Read More »