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
Norway’s $2.1 trillion sovereign wealth fund is supporting Microsoft Corp. in a contentious shareholder vote concerning the company’s human rights practices, Bloomberg reported. Some investors had proposed requiring Microsoft to enhance its
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Revenues from arms sales and military services by the world’s 100 largest arms-producing companies climbed to a record $679 billion in 2024, a 5.9 per cent increase from the previous year, according
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China’s economic slowdown deepened in November as factory activity continued to contract for the eighth consecutive month, according to official data reported by Bloomberg. The National Bureau of Statistics said the manufacturing
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After one of India’s weakest years in decades, some of Wall Street’s biggest names are forecasting a market rebound next year, according to Bloomberg. Morgan Stanley, Citigroup Inc., and Goldman Sachs Group
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Credit-rating companies have raised concerns over Chancellor of the Exchequer Rachel Reeves’ decision to push the bulk of her fiscal tightening to the end of the decade, casting doubt on whether the
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India’s economy expanded at a faster pace than anticipated last quarter, highlighting the country’s economic resilience even as steep U.S. tariffs imposed by President Donald Trump weigh on the outlook for the
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SolGold Plc, the mining company developing the large-scale Cascabel copper project in Ecuador, has rejected a second takeover offer from China’s Jiangxi Copper Co., the company confirmed Friday — a development first
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The 2021-2023 inflation surge saw sudden and persistent increases in prices for consumer goods, housing, and assets. Wage inflation also rose, but it lagged behind other inflation measures. When wages finally accelerated, the
More Chancellor Rachel Reeves has unveiled a sweeping budget that will affect workers, pensioners, and high earners alike, Times UK reported. The Office for Budget Responsibility (OBR) apologised for inadvertently leaking the full
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Chinese sports apparel company Anta Sports Products Ltd. is exploring a potential takeover of German sportswear firm Puma SE, according to sources familiar with the matter, Bloomberg reported. Hong Kong-listed Anta has
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