HSBC’s takeover of Hang Seng is a sign of deals to come
The combination should be worthwhile if it creates cost savings
Economic news
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Venture Global loses arbitration with BP over disputed LNG cargoes
US exporter was accused of breaching contracts to profit from higher prices during Russia’s invasion of Ukraine
US Treasury intervenes in Argentina’s currency market
Scott Bessent announces $20bn ‘currency swap framework’ with the South American country’s central bank
US justice department launches inquiry into First Brands
New York prosecutors’ probe into bankrupt company is at an early stage and described as a fact-finding mission
UK watchdog monitors Tricolor and First Brands collapse for private credit risks
Failures of two US companies reliant on asset-based lending prove ‘useful case studies’, FCA says