The gap in reported economic output between China’s provinces and national statistics narrowed for the first time in six years as Communist Party leaders vowed to reduce the focus on growth in evaluating local officials.
Neo Kim Hock, deputy chairman of Singapore commodities company Blumont Group Ltd., was sued by Coutts & Co, taking the sum banks and brokers are seeking to recover from an October crash to at least $140 million.
India’s government pledged to reduce the fiscal gap to the lowest in seven years in an interim budget before elections due by May, while boosting defense spending and cutting taxes on cars, mobile phones and television sets.
Former Delhi leader Arvind Kejriwal attacked India’s richest man Mukesh Ambani over gas pricing as he turned his attention full time to a nationwide election due by May after his 49-day rule of the capital came to an end.
Investors paid little attention to Italy’s political intrigue this month, focusing instead on early signs of economic recovery and the outgoing government’s commitment to budget rigor. That may start to change.
Emirates NBD PJSC, the United Arab Emirates’ biggest bank, is aiming for annual profit growth of at least 10 percent at its wealth management business after earnings at the unit tripled during the past two years.
The market for collateralized loan obligations in Europe is heading for the busiest start since 2008 amid signs issuers may be able to overcome new regulations that are crimping U.S. deals packaging junk-rated buyout debt.