SHANGHAI/ HONG KONG, Jan 4- Fidelity International has become the first global asset manager allowed to launch investment products in China through a wholly-owned local subsidiary, as Beijing further liberalises its capital markets. Previously, foreign asset managers looking to distribute investment products in China had to operate through...
Cavalli, who has worked in Singapore for the past 15 years, will take on his new role in addition to his existing post as the Swiss bank's head of private banking in Southeast Asia. Singapore is an important center for Credit Suisse's private banking business, with the country its second-largest center outside of Switzerland. The bank said it was also making Tan...
Jan 3- Jefferies Group LLC has hired four senior Credit Suisse AG loan team members, according to people familiar with the matter, reflecting anticipation for new trading opportunities around leveraged finance. The hires include Credit Suisse veteran Jonathan Moneypenny, who will co-head global leveraged finance capital markets alongside Brian Wolfe.
NEW YORK, Jan 3- New York City remained the top choice this year among foreign investors in commercial real estate while Washington fell to No. 15 as a global destination and dropped from the top five U.S. cities for the first time, a survey showed. The best Washington has mustered since 2013 was eighth place, according to AFIRE, whose members are among the largest...
*Saudi's Al Tayyar pulls back after surge on Sunday. DUBAI, Jan 2- Gulf stock markets were mixed on Monday as most reopened after the New Year, with Oman falling after the release of an austere state budget for 2017. Egypt edged down although foreign investors remained net buyers of stocks. Dubai's index rose 0.2 percent as much activity focused on speculative...
BERLIN, Jan 1- Deutsche Bank Chairman Paul Achleitner has ruled out a European merger or a state bailout after the lender's mortgage settlement with the U.S. Department of Justice, Frankfurter Allgemeine Sonntagszeitung reported. The bank, Germany's biggest, last week announced a $7.2 billion settlement with the U.S. Department of Justice over its sale and...
SHANGHAI, Dec 31- The Securities Association of China has told brokerages to strengthen their risk management regimes to include reputation risk, SAC said in a statement on its official website late Friday. The changes come at a sensitive time for the brokerage industry. Sealand Securities Co Ltd has been embroiled in a $2.4 billion bond scandal that raised...
More than eight years after the collapse of the global financial system, the Continent's banks are struggling and things may worsen.
More than eight years after the collapse of the global financial system, the Continent's banks are struggling — and things may worsen.
China has been balancing economic growth with market liberalization, says Daryl Liew at REYL Singapore.
China's financial reforms have been positive and valuations are attractive, says Medha Samant at Fidelity International.
Britain's competition watchdog has fined Pfizer a record 84.2 million pounds ($107 million) for its role in ramping up the cost of an epilepsy drug by as much as 2,600 percent.
Jack McIntyre at Brandywine Global IM says that Trump doesn't want to lead with protectionism or a strong dollar, and this could bring relief to EMs.
Manufacturing has shifted to other low-cost hubs while global demand remains limp, says Francis Lun of GEO Securities.
Unless there's another big rally in the dollar, the worst is behind for emerging markets, says Frederic Neumann, MD at HSBC.
As headwinds from the U.S. presidential election weaken, markets are set for a relief rally, according to one investor.
Luis Costa, head of CEEMEA FX and rates strategy at Citi, says sterling will continue to fall and uncertainty will prevent capital flows.
Pier Carlo Padoan, Italian finance minister, says that all financial institutions "should be aware ... of the systemic implications of their decisions."
BlackRock said it would cut prices across its U.S. iShares Core ETFs to help advisers transition to a new rule governing retirement products.
Karine Hirn, a partner at East Capital, discusses the significance of China's renminbi being added to the IMF's basket of reserve currencies.