China is promoting long-term, value-focused investing as it seeks to reshape its roughly US$4.5 trillion mutual fund industry and attract foreign investors, with the approach gaining renewed attention following Warren Buffett’s departure
OpenAI may need to raise more than $200 billion in fresh capital by the end of the decade to keep pace with soaring computing demands and global AI competition, according to new
More
BlackRock Inc., the world’s largest asset manager, is planning a rapid expansion of its investments in Saudi Arabia and the broader Middle East over the coming years, aiming to capitalize on the
More
Since the start of the year, foreign investors have completed $8 billion in Indian banking deals, up from $2.3 billion last year and $1.4 billion in 2023, Dealogic data cited by the
More
SitusAMC, a New York-based vendor for real estate lenders, confirmed in a statement on Saturday that it experienced a cyberattack on November 12, compromising certain information from its systems and potentially affecting
More HSBC Holdings Plc is overhauling its trading division as part of Chief Executive Officer Georges Elhedery’s drive to transform the bank into a debt financing powerhouse. According to a memo seen by
More
HSBC Holdings Plc Chief Executive Georges Elhedery has warned that the world is becoming increasingly fragmented, with certain high-value assets such as semiconductors, next-generation AI code, and data being treated as national
More HSBC Holdings Plc announced on Thursday that Andrew Wild, its chief executive officer for continental Europe, will step down from his role at the end of the year, citing family reasons. The
More
Daniel Chu was vacationing in Italy when his phone rang with the call that would end his career. On the line was a banker from JPMorgan Chase & Co., the financial giant
More
SoftBank Group Corp.-backed Lenskart Solutions Ltd. is set to make its trading debut in Mumbai after a highly anticipated initial public offering that raised 72.8 billion rupees ($821 million), according to Bloomberg.
More
Investment bankers are proposing a valuation of up to $170 billion for Jio Platforms Ltd., according to people familiar with the matter, ahead of what could become one of India’s largest initial
More
The Reserve Bank of India (RBI) is set to meet select primary dealers and banks on Tuesday to discuss current market conditions, three traders told Reuters. The move comes amid concerns that
More JPMorgan Chase has appointed long-time executive Jay Horine to lead its ambitious $1.5 trillion investment fund aimed at bolstering U.S. national security industries, according to an internal memo seen by Reuters. The
More
India’s initial public offering market is experiencing an unprecedented surge, driven largely by domestic investors, according to data compiled by Bloomberg. LG Electronics India Ltd.’s $1.3 billion IPO on October 7 sold
More
PricewaterhouseCoopers (PwC) has cut the size of its global workforce for the first time since 2010 and scrapped a five-year hiring target, after investing more than $1 billion last year to accelerate
More HSBC Holdings Plc reported third-quarter revenue that surpassed analyst expectations, driven by strong performance in its wealth management businesses, even as a $1.1 billion provision tied to the Bernard Madoff fraud cases
More