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Bond investors take riskier bets in hunt for returns

Bloomberg Bond investors, emboldened by a recovering economy and a global vaccine rollout, are taking on more risk, sometimes a lot more risk. Insurers, pension systems and high-grade credit managers in the US and Europe are buying bigger amounts of junk-rated debt to offset shrinking yields, forcing high-yield investors to jostle for allocations of BB rated bonds — the safest ...

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Thai stocks face hurdles over worst virus outbreak

Bloomberg Thai equities face new hurdles as the country’s worst Covid-19 outbreak will further squeeze corporate earnings and delay an economic recovery, according to Thailand’s second-biggest private money manager. Investor optimism over prospects for a return of foreign tourists has been eroding amid a new wave of the virus that took hold this month, said Vasin Vanichvoranun, executive chairman at ...

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UAE, EU host session on combating money laundering, terror financing

ABU DHABI / WAM The Ministry of Foreign Affairs and International Cooperation (MoFAIC) held a virtual workshop with European Union (EU) officials, discussing the importance of a multi-agency approach to parallel investigations. The sessions explored ways to employ Anti-Money Laundering (AML) and Countering the Financing of Terrorism (CFT) intelligence to disrupt and dismantle illicit networks. The sessions also addressed cooperation among ...

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