Bloomberg BlackRock Inc., the world’s largest money manager, said it is preparing to start a private fund in China after the nation opened the market wider to global players. The firm plans to set up a wholly foreign-owned enterprise (WFOE) first for its private fund business in the nation, according to Chen Ting, general manager at BlackRock Overseas Investment Fund ...

Bloomberg It was the elephant in the room throughout Europe’s debt crisis, but ultimately too sensitive an issue for supervisors to fiddle with. Regulations have historically implied that government bonds are risk-free. But Greece’s near-death experience quickly made a mockery of that assertion. Now, Sweden is taking the next step and banks in the country are starting to assign risk ...

DUBAI / Reuters Emirates, the Middle East’s largest airline, and budget carrier flydubai are expanding their commercial relationship to create a combined fleet of 380 jets flying to as many as 240 destinations by 2022. The airlines, both owned by the government of Dubai, said in a statement on Monday their expanded partnership would be rolled out over the coming ...