A systemic credit event has replaced stubborn inflation as the key risk to markets for increasingly pessimistic investors, according to Bank of America Corp.’s latest global survey of fund managers.
The Credit Suisse Group AG crisis is likely to make a dent on the way well-off Indians view international wealth managers, a firm backed by Liechtenstein’s royal family said Tuesday.
The French government survived two no-confidence motions late Monday to enable the immediate adoption of President Emmanuel Macron’s unpopular pension reform bill without holding a full vote in parliament.
Chinese President Xi Jinping kicked off the second day of his state visit to Moscow Tuesday with talks with Russia’s prime minister, following more than four hours of conversations the day before with Vladimir Putin.
Bank of America Corp.’s Asia-Pacific prime financing head Graham Seaton has left the firm, according to people familiar, after more than 10 years overseeing teams dealing with hedge funds.
Chancellor of the Exchequer Jeremy Hunt is on track to undershoot his borrowing forecast this year after official figures left him with £28.8 billion ($35.3 billion) of headroom with just one month to go.
The Green Climate Fund, a $12 billion international climate finance facility, has agreed to make its biggest ever African equity investment, backing infrastructure that can withstand the impact of a warming planet.
The company behind Chivas Regal and Absolut vodka has a new offering in its stable: peanut butter-flavored whiskey.
Pacific Investment Management Co. and Invesco Ltd. are among the largest holders of Credit Suisse’s so-called Additional Tier 1 bonds that have been wiped out after the bank’s takeover by UBS Group AG.
Volkswagen AG said lucrative new US incentives for EV makers were just too good to pass up when weighing to pick a partner or build its own factory to make cars for the new Scout brand.
