North America
US giant enters Indonesian life insurance market
US-headquartered Prudential Financial has entered the Indonesian life insurance market in a joint venture with a unit of local group CT Corp in Jakarta, the companies said in a statement.
Managers slash US weighting to nine-year low
Global fund managers’ exposure to US equities has fallen to its lowest level since January 2008, according to the BofA Merrill Lynch fund manager survey for July.
Investment | 13 Jul 17
Brace for more volatility in US treasuries
The bulk of US treasuries are owned by the Fed and foreign investors. But this is set to change, and it could have serious consequences.
UAE ambassador to America linked to Malaysian 1MDB scandal
The UAE ambassador to the US has been caught up in the international scandal involving Malaysian sovereign wealth fund 1MDB, after reports that companies connected to him received millions of dollars allegedly stolen from the fund.
North America | 3 Jul 17
Banned UK fraudster charged with £37m investment scam in US
A man disqualified from working as a director in the UK has been charged with fraud by the US Securities and Exchange Commission (SEC) for misleading investors in a $37m (£28m, €32m) scam.