Credit Suisse Losses Make Gulf Investors Wary of Bank Deals
Middle Eastern investors are becoming more cautious of making fresh investments in global banks after emerging as some of the hardest hit by the Credit Suisse Group AG crisis.
Middle Eastern investors are becoming more cautious of making fresh investments in global banks after emerging as some of the hardest hit by the Credit Suisse Group AG crisis.
Asset managers are concerned about tweaks being proposed to India’s tax rules that could impact the nation’s $150 billion fixed-income mutual fund industry.
Wary lenders, a watchful government, activist investors scrutinizing every move. Add to the mix infighting among prospective buyers, including a consortium involving more than 20 different Japanese companies and financial institutions.
China Evergrande Group and a group of major offshore bondholders finish the week having taken a key step forward on what would eventually be one of the nation’s biggest-ever restructurings. But months of further negotiations and key dates still loom.
The home of Hollywood has overtaken China’s commercial capital in a fresh ranking of the world’s top financial centers.
The US nominee for World Bank President Ajay Banga tested positive for Covid-19 upon arriving in India for a two-day visit that would have included a meeting with Prime Minister Narendra Modi.
The pet economy is expected to grow more than 50% in coming years, powered by spending on sophisticated drugs and treatments — and more than a little pampering.
President Joe Biden’s administration is stepping up a campaign to build American influence in Africa, where the US has lost ground to its main rivals in what’s starting to look like a new Cold War.
Hong Kong’s government will cut taxes for family offices as part of measures aimed at attracting the world’s wealthiest families to open or expand their presence in the city.
Terraform Labs co-founder Do Kwon was charged by US prosecutors with orchestrating a yearslong cryptocurrency fraud that wiped out at least $40 billion in market value.