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Hit by an alleged ‘fraud’ at the bankrupt US car parts maker, Wall Street’s last pure play investment bank has its sights set on European leveraged finance as it expands its alliance with SMBC
Global regulators warn failure to align stablecoin rules could destabilise markets as product heads for $2tr by 2028
US financial support is manna for President Milei but it creates ‘bizarre’ governance and sidelines the IMF
Massive military spending has kept GDP high. But years of costly conflict are finally taking their toll, with Russia facing a nasty mix of high prices, stagnant lending, plummeting growth and corporates fleeing for safer havens in Central Asia
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Private sector expected to help rebuild shattered territory but governments will have to go first, with Gulf states in view -
New dad faces tough reality of time management
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Pentagon muscles into race for rare earths as China clamps down
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Ukrainian hopes rise of reserves-backed loan for $23bn funding gap
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Tensions are rising once more as China and the US renew verbal hostilities over trade, with both sides unveiling plans designed to undermine the other side economically
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Banks must be careful not to throw out their babies with the bathwater as AI floods the business
