The UK and Switzerland will agree to forge closer links on Thursday in a post-Brexit accord that aims to deepen ties between the City and the Swiss banking system. In a move that brings Europe’s largest financial centres closer together, […]
India’s exports face a shortfall of about $4 billion to $5 billion this year after it clamped curbs on trade in wheat, rice and sugar, a person familiar with the matter said on Thursday, adding that Red Sea attacks may […]
Adobe has abandoned its ambitious $20 billion acquisition of Figma, a startup that has rapidly gained ground for its designing app and website interfaces. The tech giant announced this decision after encountering substantial obstacles in obtaining regulatory approvals from both […]
Dubai is creating a new sovereign wealth fund, bringing together chunky assets in part-privatized companies similar to Abu Dhabi’s ADQ, which has used its infrastructure-based capital to diversify globally, including into private equity. The new Dubai Investment Fund (DIF) will […]
China’s banking system is collapsing, and the real estate crisis in the country could end up wiping out $4 trillion from its financial system, according to veteran investor Kyle Bass. In an interview with Andrew Ross Sorkin on CNBC on […]
Vietnamese Party General Secretary Nguyen Phu Trong and his Chinese counterpart Xi Jinping witnessed Tuesday the signing of 36 agreements for cooperation in many fields including security and railway development. In a dialogue at the Headquarters of the Party Central […]
Saudi Aramco, the world’s largest oil producer, has signed definitive agreements to acquire a 40% stake in Gas & Oil Pakistan Limited (GO). The transaction is subject to certain customary conditions, including regulatory approvals, the companies said in a joint […]
Societe Generale has signed two agreements with Vista Group to acquire Societe Generale group’s shares in its local African subsidiaries: Societe Generale Burkina Faso and Banco Societe Generale Moçambique, currently owned at 52.6 percent and 65 percent respectively. According to […]
Family offices now have more of their money invested in private markets than the public stock market — even as the market rallies — according to a new survey. A survey of North American family offices conducted by Campden Wealth […]
The world’s 25 wealthiest families have had a stellar 2023, according to Bloomberg. Ultra-rich dynasties have added another $1.5 trillion to their personal fortunes this year, the outlet reported Thursday. Strong economic growth, cooling inflation, and resilient consumer spending have all helped to support […]
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