Bloomberg Deutsche Bank AG may shift about 300 billion euros ($350 billion) from the balance sheet of its U.K. entity to Frankfurt as client trading and assets migrate to the continent following Britain’s decision to leave the European Union, according to a person familiar with the matter. The project, dubbed Bowline, calls for Frankfurt trading to go live in September ...
Read More »Nomura India fund reaches $3.6 billion as Japan bets on PM Modi
Bloomberg The land of Abenomics is betting on Modinomics. The demand is so strong that assets of Nomura Holdings Inc.’s India equity fund quadrupled to almost 400 billion yen ($3.6 billion) in just the past year. Japanese investors owned $13 billion of Indian stocks and bonds at the end of June, the most in data going back to 2012, according ...
Read More »After a three-year hiatus, Greece to return to bond market
Bloomberg Greece will return to the bond market after a three-year hiatus, banking on investor interest in its recovery story. The country, which was the epicenter of the European sovereign crisis that began in 2009, is looking to sell five-year bonds, according to an Athens Stock Exchange filing. It is also inviting holders of 4.75 percent bonds due in 2019 ...
Read More »Chinese banks ‘that funded HNA’ halts new lending
Bloomberg Several Chinese banks that helped fund HNA Group Co.’s global acquisition spree are losing their appetite for financing the company, according to people familiar with the matter. Three of the banks have decided to stop extending new loans to HNA, said the people, who asked not to be identified because the information is private. One made the decision early ...
Read More »Uber in crosshairs as SoftBank helps rivals raise $9 billion
Bloomberg Uber Technologies Inc. is at risk of losing out on another big chunk of the global market. Grab, the leading provider of ride-hailing services in Southeast Asia, said on Monday it raised $2 billion from Japan’s SoftBank Group Corp. and China’s Didi Chuxing and expects to receive another $500 million from new and existing backers. The money will help ...
Read More »Russian contacts were few and insignificant: Kushner
Bloomberg Jared Kushner confirmed four contacts with Russians during his father-in-law’s presidential campaign or after the election, he said, but he described the encounters as unmemorable and denied colluding with the Russian government to help Donald Trump win. In the most consequential meeting, Kushner said he agreed to meet with a Russian banker, Sergey Gorkov, on Dec. 13 at the ...
Read More »US dispatches envoy to ease Mideast frictions
Bloomberg White House envoy Jason Greenblatt flew back to a more volatile Middle East on Monday as deadly violence that began over a Jerusalem shrine spilled over into the Israeli Embassy in Jordan, leading to a diplomatic standoff between two key American allies. Israeli Prime Minister Benjamin Netanyahu’s security cabinet was set to convene for the second time in 24 ...
Read More »Afghan capital Kabul hit by worst bombing in 2 months
Bloomberg A suicide car bomb killed at least 24 people and wounded more than 40 others in Kabul on Monday, the worst attack on the Afghan capital since a blast killed over 100 people almost two months ago. The attack hit a minibus carrying government workers in the Western neighborhood of Dehbori, according to a statement from the office of ...
Read More »Polish president vetoes judiciary laws amid EU and public outcry
Bloomberg Poland’s president vetoed part of a judicial overhaul that’s triggered one of the country’s deepest political crises since the fall of communism and touched off debate in the European Union over how to confront members that flaunt democratic values. Dealing a blow to the ruling party that backed his presidency, Andrzej Duda struck down bills that would have replaced ...
Read More »Abe denies cronyism allegations as support falls
Bloomberg Japanese Prime Minister Shinzo Abe sought to stem a slide in his popularity in a special parliamentary hearing on Monday, reiterating his denials of cronyism, apologizing for disparaging remarks about opponents and vowing to focus on the economy. Approval for Abe’s cabinet slumped again in three media polls conducted over the weekend. His support was at 26 percent, the ...
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