(Updates the company description in the fourth-to-last paragraph) By Summer Zhen HONG KONG (Reuters) – With traditional equity and bond portfolios underwhelming investors this year and China[...]
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Asia
Foreign equity funds pile into Indian financials as credit cycle picks up
(Corrects fund manager’s surname in last paragraph) By Anushka Trivedi MUMBAI (Reuters) – Foreign investors are buying into Indian financial firms, lured by the prospects of a fresh credit[...]
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Improbable bets on break of Hong Kong dollar peg adding up
By Tom Westbrook and Georgina Lee SINGAPORE/HONG KONG (Reuters) -It’s what is known in the markets as a “tail risk”: a highly unlikely scenario in which Hong Kong’s currency pe[...]
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IPO market nearly paused, but exchange leaders expect 2023 boost
By John McCrank NEW YORK (Reuters) – A global slowdown in initial public offerings due to heightened market volatility and a regulatory cloud over new listings from China has created pent up dem[...]
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Crypto exchange Bitfront shuts down
(Reuters) – Bitfront, a U.S. crypto exchange backed by Japanese social media firm Line Corp, said it has suspended new sign-ups and credit card payments and will cease operations in a few months[...]
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Billionaire investor Ackman bets Hong Kong dollar peg can break
By Tom Westbrook SINGAPORE (Reuters) – Billionaire investor Bill Ackman said he’s betting the Hong Kong dollar will fall and that its peg to the U.S. dollar can break, the latest big money[...]
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JP Morgan remains world’s biggest systemically important bank
LONDON (Reuters) -JP Morgan remains the world’s most systemically important bank according to the latest rankings from the G20’s Financial Stability Board published on Monday. The FSB bega[...]
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U.S. IPO price pops prompt fraud and ‘pig butchering’ warnings
By John McCrank NEW YORK (Reuters) – U.S. exchanges and Wall Street’s top cop on Thursday warned about a heightened threat of fraud mostly involving the initial public offerings of small c[...]
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Factbox-From Genesis to Voyager, crypto firms’ exposure to FTX is coming to light
(Reuters) – After major crypto exchange FTX filed for U.S. bankruptcy protection on Friday, the crypto industry is bracing for further fallout. BlockFi and Genesis, two firms with exposure to FT[...]
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