Bloomberg The International Monetary Fund (IMF) made a fifth-straight cut to its 2019 global growth forecast, citing a broad deceleration across the world’s largest economies as trade tensions undermine the expansion. The world economy will grow 3% this year, down from 3.2% seen in July, with the 2020 estimate lowered to 3.4% from 3.5%, the fund said on Tuesday in …

Bloomberg Advisers working on Saudi Aramco’s mammoth share sale may split a fee pool of as much as $450 million, according to people with knowledge of the matter, making it one of the biggest IPO pay outs globally. The oil giant is set to pay between $350 million and $450 million to a group of more than 20 banks working …

Bloomberg Citigroup Inc, which is dissolving its investment-banking joint venture in China, is now planning to set up a wholly- owned securities business in the world’s second-largest capital market, according to people with knowledge of the matter. The New York-based bank may initially focus on brokerage and futures trading while expanding its custodian services in China, the people said, asking …