Bloomberg Barclays Plc will start a foreign exchange trading and pricing engine in Singapore in mid-2021, marking the British lender’s fourth electronic currency trading hub globally. Barclays will build out a local version of the trading system, known as BARX, adding to hubs in New York, London and Tokyo, the London-based bank said in a statement on Wednesday. “FX is …

Bloomberg Pension and sovereign wealth funds are set to offload about $200 billion of equities as they rebalance their portfolios, posing a risk for global shares, according to JPMorgan Chase and Company. This would be the most negative quarterly adjustment since the pandemic hit, strategists led by Nikolaos Panigirtzoglou said on Tuesday. The overall figure stems from calculations spanning US …

Bloomberg A drought in India’s initial public offerings (IPOs) might be easing with companies preparing to tap a buoyant stock market after investors piled into two recent sales. A bunch of firms — ranging from a drugmaker to a jeweller — will likely test investor demand over the next few months, helping revive fundraising through first-time sales from the lowest …