Investors Dig In on Favored Emerging-Market Bet Roiled by Fed
Money managers are digging their heels in over a popular emerging-market bet in early 2024 even as the trade has unraveled five months into the year.
Money managers are digging their heels in over a popular emerging-market bet in early 2024 even as the trade has unraveled five months into the year.
Rasan Information Technology Co. and its shareholders are looking to raise as much as 841 million riyals ($224 million) in one of the first initial public offerings by a fintech firm in Saudi Arabia.
Iraq’s oil minister said any extension to output cuts is a matter for OPEC, and the country will stick to whatever the group decides.
Russia reported multiple fatalities after the partial collapse of a residential building in Belgorod it said was struck by a missile, hours after one if its largest oil refineries was hit by drone debris.
China’s securities watchdog said it is investigating hedge fund Zhejiang Ruifengda Asset Management Co. for suspected illegal activities, while media reports said the fund has failed to pay investors seeking redemptions and that the controlling shareholder is missing.
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