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
A tidal wave of maturing bank deposits is prompting Chinese households to hunt for higher-yielding investments, a shift that could inject fresh momentum into the nation’s financial markets at a time when
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Private credit, one of the fastest-growing corners of global finance, is facing its sharpest test in years as investors pulled more than $7bn from some of Wall Street’s largest funds in the
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A Japanese government investigation has found that 118 orders for U.S. military equipment worth 1.14 trillion yen, or about $7.21 billion, remain undelivered at least five years after contracts were signed, in
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The chief executive of HSBC is considering a potential sale of the bank’s life insurance operations in Singapore, a move that could fetch more than $1 billion and mark another significant step
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Global trade is entering 2026 under unprecedented strain, with slower economic growth, rising protectionism, geopolitical fragmentation, and rapid digital and environmental transitions converging to reshape the international economic landscape. According to the
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BlackRock, the world’s largest investment manager, reported a fourth-quarter profit that comfortably exceeded Wall Street expectations, buoyed by a robust rally in American financial markets and surging fee income. Assets under management
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International Monetary Fund Managing Director Kristalina Georgieva has thrown her support behind U.S. Federal Reserve Chair Jerome Powell, warning that eroding central bank independence risks economic stability at home and abroad. Speaking
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OpenAI has signed a multiyear agreement worth about $10 billion with chip start-up Cerebras Systems to secure vast amounts of computing infrastructure, deepening its push to reduce reliance on Nvidia and lock
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A group of the world’s most influential central banks, working alongside more than 40 major commercial lenders, is preparing to intensify testing of a digital payments platform designed to modernize how money
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CEOs from leading Wall Street banks voiced strong support for the independence of the U.S. Federal Reserve on Tuesday, as the Trump administration launched a criminal investigation into Fed Chair Jerome Powell.
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