In an address to major global business leaders, Chinese President Xi Jinping urged foreign investors to have faith in China’s business prospects, the latest move to revive the world’s second-largest economy that has been dragged down by a property bust and a loss of momentum. “China has always been and will certainly be an ideal, […]
This year will see the highest amount of new oil supply in a decade, according to data analyzed by Raymond James that showed projected global additions of nearly 3 million barrels daily. But only if the price is right. Bloomberg reported the Raymond James figures, noting projects such as the giant Tengiz field in the Kazakh section […]
The UAE’s economy is poised for substantial growth, according to the Central Bank of the UAE (CBUAE). Its latest Quarterly Economic Review forecasts a 4.7 percent GDP increase in 2025, with further acceleration to 5.7 percent in 2026. The report highlighted that the UAE’s non-oil trade surpassed AED2 trillion in the first nine months of 2024, […]
China’s finance ministry has announced the impending issuance of sovereign green bonds in London, which will mark its first overseas sale of such bonds and a concrete step following high-level economic and finance talks earlier this year. The yuan-denominated issuance will be worth up to 6 billion yuan (US$829.75 million) with specific details to be […]
BlackRock Inc. is taking advantage of recent outperformance in European credit markets to sell some junk bonds there and buy more in the US in its global funds. That’s according to James Turner, co-head of European fundamental fixed income at BlackRock. The world’s biggest asset manager, with $11.5 trillion of assets, is making the changes […]
European shares rose on Monday as data showed euro zone business activity grew at its fastest pace in seven months in March, lifting sentiment, while investors awaited more clarity on U.S. tariffs. The pan-European STOXX 600 was 0.4% higher by 0908 GMT as data showed Germany’s manufacturing production increased for the first time in almost […]
Barclays won the dismissal on Friday of two U.S. securities fraud lawsuits stemming from the British bank’s unauthorized sale of $17.7 billion more securities than U.S. regulators allowed. U.S. District Judge Lewis Liman in Manhattan said investors who acquired Barclays’ iPath Series B S&P 500 VIX Short-Term Future exchange-traded notes (“VXX”) could not sue over […]
Wall Street banks including JPMorgan Chase & Co. and Morgan Stanley have made investor-friendly changes to some leveraged loan offerings, as uncertainty around President Donald Trump’s economic and regulatory policies roils global markets. Borrowers have had to offer bigger discounts on certain new loans to attract buyers, as prices in the secondary market dipped to […]
Elon Musk’s X plans to buy back the last remaining piece of debt tied to the buyout of the social network that Wall Street banks have been stuck holding for years, according to a person with knowledge of the matter. The repurchase of the roughly $1.2 billion of second-lien debt may be financed in part […]
In a bold move aimed at transforming its economic landscape, Tanzania has unveiled a revised National Land Policy designed to attract foreign investments in real estate, industrial development, and agriculture. The new policy, launched by President Samia Suluhu Hassan in Dodoma on March 20, 2025, marks a decisive shift from previous restrictions and outdated registration […]