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South Korea will require new investors in single-stock leveraged exchange-traded funds to undergo mock trading exercises, further tightening rules on highly risky products that have amplified market volatility.
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ING’s Chris Turner reports the Brazilian Real (BRL) underperformed in an otherwise supportive carry environment after a bank downgraded Brazilian equities and a new poll showed President Lula widening…
Canadian asset manager Polar Asset Management Partners has raised more than $215m at the first close of a new fund targeting significant risk transfer transactions with financial institutions…
US private equity firm TPG has agreed to acquire a 61% stake in South Korea’s largest car-rental company, Lotte Rental, from two affiliates of Lotte Group in a deal valued at KRW1.31tn ($925m)…
The president, however, insisted that the smaller plane he flew on board while returning from the NATO summit in Turkey was at “greater risk” than the decoy Air Force One.
The US Bureau of Labor Statistics (BLS) will publish the July Consumer Price Index (CPI) data on Wednesday. The report is expected to show a small decline in consumer inflation and core inflation.