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
India’s foreign exchange reserves rose by USD 4.698 billion in the week ending September 12, reaching USD 702.966 billion, the Reserve Bank of India (RBI) said in its latest Weekly Statistical Supplement.
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Sarah Wynn-Williams, a former Meta executive and author of the controversial exposé Careless People, is reportedly “on the verge of bankruptcy” after speaking out about the social media giant’s dealings with China
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Chinese households are cautiously returning to equities, as dwindling returns from other asset classes leave few attractive alternatives, Bloomberg reported. The CSI 300 Index has jumped more than 25% since hitting April
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Saudi Arabian Mining Company (Ma’aden) is pursuing an ambitious growth strategy to unlock the kingdom’s underexplored mineral wealth, with plans to double gold production by 2030 and build a rare earths supply
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Mauritius Prime Minister Navinchandra Ramgoolam has asked Central Bank Governor Rama Krishna Sithanen to step down, according to a report by Le Défi Plus newspaper citing unnamed sources. Ramgoolam, who also holds
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JPMorgan Chase & Co. is ramping up its mid-cap banking operations in Austria and central Europe, targeting private and family-owned businesses with dedicated relationship managers. The U.S. banking giant has appointed Philippe
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High-frequency trading firms in India are offering unprecedented salaries for entry-level roles, even as regulators increase scrutiny over the country’s equity derivatives market, Bloomberg reports. Amsterdam-based IMC Trading BV has offered interns
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Zijin Gold International Co., a unit of China’s top mining company, is seeking to raise HK$25 billion ($3.2 billion) through an initial public offering in Hong Kong, Bloomberg reports. The IPO is
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Prosus NV has more than doubled its stake in Indian home services startup Urban Company Ltd. ahead of the firm’s public listing, making it one of the company’s largest shareholders, Bloomberg reported.
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The global oil and gas sector is being forced to spend nearly half a trillion dollars a year simply to keep production steady, as fields decline more rapidly than previously expected, the
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