High-Stakes Changes: Saudi Stock Moves, Blue Owl Merger, and Ukraine's Winter Gas Support

Saudi Arabia's PIF reduces its US stock holdings by 18%, Blue Owl Capital's fund merger may cause investor losses, and Ukraine secures a critical gas agreement with Greece. Meanwhile, the UK plans changes to human rights laws to ease deportation of illegal migrants.

In a strategic financial move, Saudi Arabia's Public Investment Fund (PIF) has decreased its stake in U.S. companies such as Visa and Pinterest, aiming to trim its exposure to U.S.-listed stocks by 18% since the previous quarter.

Alternative asset powerhouse Blue Owl Capital has merged one of its early private credit funds with a larger asset, potentially resulting in significant 20% losses for investors who have sought redemptions.

Amid ongoing geopolitical tensions, Ukraine has secured a crucial agreement with Greece for winter gas imports. This deal, announced by Ukrainian President Volodymyr Zelenskyy, aims to mitigate the impact of persistent Russian strikes on Ukraine's infrastructure.

(With inputs from agencies.)