Business

China is owed over $1 trillion (€935 billion) through its Belt and Road Initiative (BRI), making it the world’s biggest debt collector, a report has said. The report, published on Monday by researchers at AidData, showed the world’s biggest bilateral […]

The outflows (are) mostly due to regional funds’ rebalancing out of China, in which European-domiciled funds led,” Morgan Stanley analysts led by Gilbert Wong said. According to Morgan Stanley, persistent outflows have resulted in foreign long-only managers being their most […]

$40,000,000,000 in Unrealized Losses Hits JPMorgan Chase As Bank of America, Wells Fargo and Citigroup Face Exposure to US Treasuries: Report JPMorgan Chase has quietly revealed tens of billions of dollars in losses on securities, according to a new report […]

Berkshire Hathaway on Saturday reported a big jump in third-quarter operating earnings, while sitting on a record amount of cash as Warren Buffett saw few dealmaking opportunities. The Omaha-based conglomerate’s operating earnings — which encompass profits made from the myriad […]

Finance Minister Enoch Godongwana said government spending has exceeded revenue since the 2008 global financial crisis, which puts it on the road to a fiscal crisis. Godongwana revealed the country’s dire finances during his medium-term budget policy statement, released on […]

German Chancellor Olaf Scholz departed Berlin for Nigeria on Sunday, on what is his third trip to Africa since taking office almost two years ago. German President Frank-Walter Steinmeier is set to do likewise on Monday, when he will arrive […]

Hamilton Insurance Group Ltd. is seeking to raise as much as $270 million in an initial public offering that could mark one of the last major tests of investor appetite for new listings this year. The specialty insurer will offer […]

Saudi Arabia is holding on to its ultimatum that foreign companies will need to base their regional headquarters in the kingdom or be barred from lucrative government contracts. The deadline: Jan. 1, 2024. In a bold surprise move back in […]

Abu Dhabi’s Crown Prince and Chairman of the Abu Dhabi Executive Council, Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, recently held a high-level meeting with Larry Fink, Chairman and CEO of BlackRock, one of the world’s leading asset management companies, […]