Investment
Harlequin Property wins $11.6m claim against former accountants
Harlequin Property SVG, the company behind the £400m ($509m, €454m) overseas property scheme facing ruin, has won a $11.6m claim against its former accountancy firm Wilkins Kennedy.
Hong Kong fund sales plunge by 15%
Sales of collective investment schemes in Hong Kong dropped by 15% from HK$65bn ($8.4bn, €7.9bn, £6.65bn) to HK$55bn during the period April 2015-March 2016, according to the SFC’s yearly survey.
Emerging Markets | 12 Dec 16
Analysis: Why policy makers are passing the buck to politicians
A few years ago, it was de rigueur to talk up a supposed decoupling of developed and emerging markets, but for central banks there is now a more disconcerting separation at play.
Pimco calls for €30bn injection into Italian banks
An equity injection of €30bn to €40bn could revive Italy’s beleaguered banks, according to Pimco’s global head of financial research Philippe Bodereau.
Amundi acquires Pioneer Investments for €3.54bn
Amundi is to pay €3.54bn (£2.97bn, $3.74bn) in cash to acquire Pioneer Investments, which it says will make it the eighth largest asset manager in the world.