JEFFERIES Financial profit soared as a pickup in mergers and acquisitions (M&A) helped the firm notch a record, a sign the long-awaited rebound in dealmaking is taking hold.
GLOBAL debt hit a record high of US$312 trillion at the end of the second quarter, driven by borrowing in the United States and China, while a key debt ratio in emerging markets also scaled a fresh peak, data from a banking trade group showed.
THE US Justice Department sued Visa, alleging the global payments giant illegally monopolised the debit card market, in the Biden administration’s first major antitrust case in the financial services industry.
DBS Group chief executive Piyush Gupta said on Wednesday (Sep 25) it is in the process of increasing ownership in its China securities joint venture to 91 per cent from 51 per cent.
SWEDEN’S Riksbank cut borrowing costs by a quarter point and raised the possibility of a bigger move in coming months in its bid to spur a listless economy.
THE baht gained to its strongest level in 30 months as China’s stimulus boosted risk assets globally, adding pressure on the Bank of Thailand to act to curb its rally.
