London Capital & Finance administrators sue payments and custody provider
Administrators seek £32mn over claims GC Partners failed to conduct proper checks on payments
Economic news
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Big investors scale back risky bond exposure after storming rally
BlackRock and Fidelity International among asset managers betting credit rally has run out of road
Saudi Aramco chief warns of global oil shortage if industry fails to invest
Amin Nasser predicts ‘supply crunch’ unless energy companies return to exploration and find new reserves
UK local authority pension giant warns against more merging of assets
Border to Coast says firm already close to its optimal size for benefiting from scale and buying power
A new model of emerging market investing
$510mn securitisation by the World Bank’s IFC is a template to boost flows into developing countries
Trump says Modi pledged India would stop buying Russian oil
Move could ease trade tensions between Washington and New Delhi, which have been in a stalemate since August