22 articles published
World
Bahrain is likely to get fresh Gulf aid, with the UAE in a main role, Asharq Bloomberg reports. It can defend the dinar's peg, not a deficit of a tenth of GDP or debt above 150% of it.
World
The UAE says a 30-country operation identified more than $39bn linked to scams and led to over 960 arrests. Little can be checked yet, but a country long accused of sheltering dirty money shows signs of change.
World
Milan prosecutors say a car-rental firm hid an underground bank, run by men linked to the 'Ndrangheta and Camorra, behind €110m of false invoices. Its alleged helpers, a court employee and a police inspector, are the bigger warning.
World
FATF is due to decide on 30 October whether Bulgaria, Monaco, Côte d'Ivoire and the DRC leave its 22-strong grey list. Precedent favours them, though Ebola clouds the DRC's case; the harder call is on Myanmar.
World
Banco Master's collapse cost Brazil's deposit guarantee fund R$40bn, its biggest bill ever, and has drawn in judges, central bankers and both presidential camps. Sunday's runoff will not close the case, but will shape who pursues it.
World
China's central bank added about 23 tonnes of gold in September, its 23rd monthly purchase in a row. It kept buying as gold slid and cut its US Treasury holdings to their lowest since 2008.
World
China's trade surplus reached $133.5 billion in September and is heading for a new annual record. Europe has become its largest surplus market this year, and Brussels is now arming itself.
World
The African Union has launched AfCRA, a private agency based in Mauritius, to offer an African reading of risk alongside the big three. Its promise is cheaper capital; its currency will be credibility.
World
The Saudi-led coalition told civilians to leave an oil station in Sanaa ahead of a military operation. The Houthis named Aramco's headquarters, Riyadh's airport and a refinery as targets in return.
World
The oil major is moving faster in Trinidad and Tobago's ultra-deep waters than it did next door in Guyana, where it turned a poor country into an oil power. At the same time, Venezuelan gas is lining up to feed Trinidad's idle plants. The Caribbean is becoming one of the decade's most contested energy frontiers.
World
Flávio Bolsonaro finished ahead of President Lula in Sunday's first round, against almost every poll. Within hours, investors placed their bets: Brazilian stocks posted one of their best days in years, J.P. Morgan upgraded the country, and prediction markets made him the clear favourite. The bet is on reforms and a smaller state. It may be underpricing the risks.
World
Vietnam just posted its fastest growth in four years. It owes much of it to a balancing act few countries could pull off: building with Chinese components, selling to American consumers and signing up European partners. The financial side of that game, from the origin of goods to the ownership of capital, is where the risks hide.
World
For two decades, the emirate was where wanted traffickers, sanctioned oligarchs and their money could settle without questions. A wave of extraditions shows the people are no longer safe. The harder test is the money.
World
A decree signed a week after the Duma elections lifts the ceiling to 2.44 million people. The men still have to be found, paid and, increasingly, recruited abroad.
World
Africa's richest man is building Ethiopia a fuel pipe from Djibouti. It solves the first 120 kilometres of a very long problem.
World
America's benchmark borrowing rate is at its highest since 2007. The Fed is hiking, oil is high, and the Treasury's buybacks have not held the line.
World
One attachment, more than 100 confidential deals, and a recall request that came too late. In investment banking, the pipeline is the product.
World
Seven armed groups, including former enemies Fano and the TPLF, say they now share one goal: remove Abiy Ahmed and install a transitional government.
World
A box of stealth-fighter parts bound for repair in the United States ended up in Hong Kong this summer. Washington confirms the loss and cannot yet explain it.
World
Chinese humanoid robot maker Unitree Robotics has lost more than 40 per cent of its value within a month of its Shanghai debut, erasing over 200bn yuan ($29.8bn) in market capitalisation. The rout has prompted speculation that Beijing will tighten approval of initial public offerings by peers, several of which remain unprofitable.
World
President Donald Trump says the United States is close to ending its war with Iran and has spoken to Tehran "directly", though Iranian officials deny any new negotiations. With the Strait of Hormuz in effect closed and Brent above $106 a barrel, the Bank of England has cited the resulting energy shock in holding rates at 3.75%.
World
The world's favourite laundering figure comes from a 1998 speech and was never a measurement. Rebuilt with today's data, it shows trillions estimated, $206bn spent on compliance and barely 1% confiscated in Europe.
