Private credit turmoil eases as investor withdrawals slow
‘Too early to call the bottom’ but redemption requests from retail investors fall
Economic news
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Gold-rich Nicaragua hands Chinese miners rights to a tenth of its land
Dozens of mining concessions deepen Beijing’s strategic foothold as it tussles with US for influence in Central America
Foreign capital flows into US stocks hit record as appetite for debt fades
Overseas purchases of US equities topped $940bn in the year to July, coinciding with strong gains in the S&P 500
Monzo in talks with Brazil’s Nubank about sale
UK fintech is also in discussions with private equity about selling a significant stake in the business
Apax nears deal to buy Warburg Pincus out of €6.5bn telecoms group Odido
A deal would follow the private equity owners’ decision to shelve a planned listing of the Dutch operator due to market instability
Are you the ‘digital PA’ for your parents?
Banks and businesses must do more to support older customers