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
Standard & Poor’s (S&P) on Friday downgraded France’s sovereign credit rating from AA- to A+, citing expectations that public debt will rise faster than previously projected. The move, the third downgrade by
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Gold may reach unprecedented levels of $10,000 per ounce as it gains renewed popularity as a safe haven, JPMorgan CEO Jamie Dimon predicted this week. The precious metal, traditionally seen as a
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HSBC Holdings Plc has confirmed that it is not exposed to the fallout from the bankruptcy of First Brands Group, a scandal-hit auto-parts supplier whose collapse has left major Wall Street firms
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A simmering rivalry between Wall Street’s biggest banks and the fast-growing private credit industry boiled over this week after a pair of credit market blowups triggered public sparring between JPMorgan Chase &
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Russian liquefied natural gas shipments targeted by UK sanctions are continuing to enter China, as Moscow and Beijing appear prepared to circumvent London’s latest restrictions, Bloomberg reported. On Wednesday, the UK imposed
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On the outskirts of Manila lies a largely empty stretch of land that became the center of a financial whirlwind when Manuel Villar, the Philippines’ richest man, moved it between companies in
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Beta Technologies Inc., the Vermont-based developer of electric aircraft, is seeking to raise up to $825 million in an initial public offering, proceeding with the plan despite the ongoing US government shutdown,
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Stablecoin issuer Paxos mistakenly minted $300 trillion of PayPal’s PYUSD stablecoin on Wednesday before swiftly burning the excess, Bloomberg reported. The error occurred at 3:12 PM EST during an internal transfer and
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The Indian rupee posted its biggest gain in nearly four months on Wednesday, rebounding from near-record lows as optimism grew over a potential trade agreement with the United States. The currency rose
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LG Electronics India Ltd. is poised for a strong debut on Mumbai’s stock exchange on Tuesday, following what Bloomberg described as the country’s most oversubscribed billion-dollar initial public offering in nearly two
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