Direxion, a U.S. asset manager specializing in leveraged exchange-traded funds (ETFs), on Wednesday rolled out a new product allowing investors to bet on gains in the MSCI Emerging Markets ex-China Index.
New York Community Bancorp on Wednesday named banking veteran Alessandro DiNello, who has been on the board since the embattled lender bought Flagstar Bank in 2022, as its executive chairman.
Manappuram Finance , one of India’s biggest gold-loan providers, reported a bigger-than-expected rise in third-quarter profit on Wednesday, aided by strong demand in its non-gold business like auto and housing loans.
State-owned Italian bank Monte dei Paschi di Siena (MPS) BMPS.MI on Wednesday said it would pay its first dividend in over a decade after posting in the fourth quarter alone the profit analysts had expected for the full year.
Sweden’s central bank could cut rates as early as the first half of this year, but there are risks that inflation might prove stubborn, delaying policy easing, the minutes of the central bank’s most recent meeting, published on Wednesday, showed.
Abu Dhabi Investment Authority (ADIA), the largest sovereign wealth fund in the United Arab Emirates (UAE), is setting up a $4-5 billion fund to invest in India through a tax-neutral finance hub in Prime Minister Narendra Modi’s home state of Gujarat, according to two sources with direct knowledge of the matter.
Emerging markets-focused fund manager Ashmore reported further outflows of client cash in the last six months of 2023 on Wednesday, weighing on its shares in early trading.
Japan’s SoftBank Group is expected to post a net profit for the first time in five quarters when the tech investment giant reports earnings on Thursday, benefiting from strong gains in the value of its listed assets.
Shares of Paytm climbed as much as 10% on Wednesday after media reported that the embattled digital payments firm’s CEO had met India’s finance minister and central bank to try to resolve a regulatory crackdown on its payments bank business.
