Deutsche Bank AG tapped Marco Pagliara as the international private bank’s new chief for emerging markets including Asia Pacific, while its regional executive Jin Yee Young made a surprise exit after less than six months.
The Philippine central bank is reducing lenders’ reserve requirement ratio at the end of the month, Governor Felipe Medalla said, as he signaled the policy rate will remain unchanged.
India’s monsoon, a weather event so vital for the economy that it’s capable of influencing interest-rates, has finally arrived in the country after the longest delay in four years.
Electricite de France SA is set to return to full state ownership on Thursday, almost 18 years after its listing on the Paris stock exchange. Its nationalization ends a bumpy ride for shareholders but many challenges still loom large for the debt-laden nuclear behemoth.
China asked fund vendors and asset managers to stop displaying real-time estimates of their mutual funds’ net value by mid-June, according to a person familiar with the discussions, though some flexibility will be allowed over the timeline for the rollout.
Nicholas Lyons, the Lord Mayor of London and a veteran financier, has hit back against industry criticism of his plan for a £50 billion ($62 billion) fund to boost investment in UK growth companies.
A fund run by one of South Africa’s largest asset managers has altered its approach on platinum, seeing better returns from betting on the physical metal, while offloading shares in companies that produce it as they grapple with a power crisis.
Zimbabwe stopped short of free-floating its currency in the battle to end weeks of exchange rate volatility that has fueled the country’s latest economic turmoil.
Actis LLP and Edra Power Holdings Sdn Bhd revived their interests in buying a major Egyptian power plant, in a deal that may be worth about $2 billion and would boost the North African nation’s troubled economy.
ByteDance Ltd.’s TikTok aims to more than quadruple the size of its global e-commerce business to as much as $20 billion in merchandise sales this year, banking on rapid growth in Southeast Asia, according to people familiar with the matter.
