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
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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
CEOs of Wells Fargo and Pfizer caution the U.S. could lose its edge to China without innovation
Speaking at CNBC’s Invest in America Forum, the CEOs said the U.S. still leads in many sectors, but inconsistent policy and underinvestment is ceding ground.
Tariffs are pushing prices higher and consumers are feeling the hit, Fed’s Beige Book shows
Companies are caught between absorbing the costs or passing them onto customers, according to a Federal Reserve report.
US Treasury arranging fresh $20bn in debt market support for Argentina
Facility builds on previously announced $20bn swap line as Washington seeks to boost libertarian ally Javier Milei