Global hedge funds last week sold tech shares for a third week running as managers chased falls in the S&P 500 index and cut exposure to big tech stocks, a Goldman Sachs note said.
The chairman of British bank NatWest was criticised by a leading opposition politician for being out of touch on Friday after he said it was not “that difficult” to be able to afford to buy a house in Britain.
Chinese wealth manager Zhongzhi Enterprise Group has filed for bankruptcy liquidation after failing to repay debt, as the firm grapples with a deepening property market downturn.
BlackRock Inc has appointed Hua Fan, formerly general manager of its majority-owned China asset management unit, as head of China, two sources with knowledge of the matter said.
U.S. investment giants Pimco and Vanguard have bought local Turkish assets in recent months, betting that the country will maintain high interest rates after years of erratic policymaking under President Tayyip Erdogan.
Diminishing lure for perpetual bonds is likely to prompt Indian state-run banks switch to the equity market for raising funds in coming months, five banking sources told Reuters this week.
BlackRock on Thursday named Leigh Farris its global head of corporate communications, bolstering its ranks at a time when the asset management giant faces intense heat for its stance on socially and environmentally conscious capitalism.
