Bloomberg Argentina raised its benchmark interest rate for the first time in over a year as it faces calls from the International Monetary Fund (IMF) to tighten its monetary policy. The central bank lifted the key Leliq rate to 40% from 38%, the level it had stood for over a year even with annual inflation running at around 50%. …

  Bloomberg HSBC Holdings Plc’s private bank raised a record of about $3.2 billion for alternative investments from its clients globally in 2021, a jump of nearly 40% from the previous year, as the wealthy look to escape volatility and diversify their portfolios. Clients in Asia, where HSBC is targeting wealth management as a growth engine, added $1.9 billion for …

  Bloomberg The Canadian dollar is closing out 2021 as the only major developed-market currency to advance against the dollar, and a hawkish central bank in Ottawa should support the loonie further in 2022. Markets expect the Bank of Canada (BOC) to be one of the G-10’s most aggressive monetary authorities in tightening policy next year. Traders are currently pricing …