Lombard fund doubles down on India’s junk credit
Lombard Odier Investment Managers will expand exposure to Indian high-yield US dollar credit in its US$2bil Asian bond strategy, after…
ECB rates firmly on hold, but door to September cut still open
The European Central Bank (ECB) is all but certain to keep interest rates unchanged while signalling that its next move…
Fed’s Beige Book shows slight economic growth, cooling inflation
The US economy grew at a slight pace heading into the third quarter, with a number of regions noting flat…
Morgan Stanley sells US$8bil of bonds
Morgan Stanley became the latest big Wall Street bank to tap the US investment-grade market after reporting earnings, as strong…
Many US solar factories are lagging except those that China owns
Construction of US solar-manufacturing plants by Chinese companies is surging, putting China in position to dominate the nascent industry, as…
Five Below slumps to a low as analysts worry
Wall Street’s enthusiasm for Five Below Inc plummeted along with its shares Wednesday, with the departure of its long-time chief…
Airline earnings underscore discounting pressure
United Airlines forecast a lower-than-expected profit in the current quarter and announced plans to cut capacity, providing further evidence that…
Wall St ends sharply lower as earnings heat up
US stocks tumbled on Thursday, reversing early gains as investors continued to rotate away from high-priced megacap growth stocks and second-quarter…
Bank Negara, SC to establish integrated dispute resolution scheme in 2025 – MoF
KUALA LUMPUR: Bank Negara Malaysia (BNM) and the Securities Commission (SC) will establish an integrated dispute resolution scheme (IDRS) to be…