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Chinese stocks languish after return from holiday amid risks

BLOOMBERG Chinese stocks ended lower in a choppy session following their return from the Golden Week break, as investors parsed holiday-spending data while navigating global market volatility. The CSI 300 Index closed down 0.1% on Monday, its first trading session since September 28. Risk assets were hammered last week as renewed concern about higher-for-longer US interest rates spurred a Treasuries ...

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Metro Bank CEO says Barclays among potential buyers of mortgages

BLOOMBERG Metro Bank Holdings CEO Daniel Frumkin indicated that Barclays Plc is among the possible buyers of a $3.7 billion mortgage portfolio the struggling lender put up for sale as it attempts to strengthen its balance sheet. Frumkin said the process had attracted significant interest from potential suitors including one not “dissimilar to what’s on your paycheck.”

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Plan to debut flying taxis for Paris Olympics faces engine setback

BLOOMBERG A plan to whisk passengers around Paris in air taxis during the Olympic games next year faces a new challenge after manufacturer Volocopter GmbH said the advanced electric motors it needs for its two-seater craft have been delayed. Volocopter is working with the engine maker and continues test flights with other, less-refined motors as it seeks to obtain regulatory ...

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