Bloomberg JPMorgan Chase & Co. gained full control of its China mutual fund joint venture, joining rival Manulife Financial Corp. in buying out local partners to secure full ownership of a business in the 26 trillion yuan ($3.8 trillion) market. The China Securities Regulatory Commission (CSRC) approved the US bank’s acquisition of a 49% stake in China International Fund ...

  Bloomberg European equities wavered on Tuesday in the wake of tech-stock fuelled gains on Wall Street and bets for less-aggressive interest rate hikes from the Federal Reserve. The Stoxx 600 Index erased an early advance to trade little changed. US equity futures ticked lower after the best two-day rally since November for the tech-heavy Nasdaq 100. Treasury yields fell ...

  Bloomberg Japanese stocks made a full recovery from the Bank of Japan’s (BOJ) surprise revision to its yield-curve-control policy last month. Both the Topix and Nikkei 225 Stock Average closed above levels seen prior to December 20, 2022, when the BOJ abruptly doubled its cap on Japan’s 10-year bond yield to 0.5%. With the BOJ’s latest decision to leave policy ...