UBS has suspended withdrawals from a €400mn European real estate fund for up to three years, in a dramatic move that underscores growing investor anxiety over global economic instability linked to escalating
Hong Kong’s securities market regulator has defended a HK$1 billion (US$128 million) settlement with PricewaterhouseCoopers Hong Kong over an auditing scandal involving China Evergrande Group, as the developer’s liquidators seek to have
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For years, offshore trusts offered China’s wealthiest individuals a sophisticated way to protect assets, plan succession and, in some cases, reduce their tax exposure. Now, that once-familiar route into the grey zones
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Long-term borrowing costs across major economies climbed to multi-decade highs on Tuesday, as investors reassessed the outlook for inflation, government finances and the enormous financing requirements associated with the artificial intelligence boom.
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India has opened a tax amnesty scheme allowing small taxpayers to declare certain previously undisclosed foreign income and assets, giving eligible individuals until December 31 to come forward under a one-time disclosure
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JPMorgan Chase ended its banking relationship with prediction-market platform Polymarket last year, citing regulatory concerns, in a move that highlights the continuing caution among major financial institutions towards an industry growing rapidly
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Hong Kong is approaching a potentially important stage in the evolution of its role as a global financial hub, with policymakers and market participants calling for a broader range of financial products,
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India’s largest conglomerate is entering a potentially decisive period of transition. Tata Sons, the holding company behind businesses spanning steel, power, aviation, automobiles and technology, is preparing for a change at the
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The extraordinary wealth being created by artificial intelligence is already reshaping an industry far removed from the laboratories where the technology is developed. Wealth managers are cutting fees, recruiting advisers and redesigning
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India’s Tamil Nadu state is set to sign investment agreements worth about 150.5 billion rupees ($1.58 billion) for more than a dozen new projects by overseas companies, according to a government source,
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Singapore Airlines has booked operating losses of about S$1bn ($780mn) on its investment in Air India less than two years after taking a 25 per cent stake in the Indian carrier, raising
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