 | | | | Top U.S. oil firms are doubling down on drilling, deepening a divide with European rivals on the outlook for renewables, and winning support from big investors who do not expect the stateside companies to invest in wind and solar. | | | | | | UBS will establish a new wealth desk in Dubai that will add coverage of Oman and Kuwait markets, and a dedicated sales team to capture business growth in the Middle East, according to an internal memo. | | | | | | Ping An Insurance Group Co of China Ltd , , the country's largest insurer by market value, posted a 31.2% fall in third-quarter net profit on Wednesday as its premium income shrank on a weak economy and profit was dented by losses on investment assets. | | | | | | Investment banks and corporate advisors are pushing back against Hong Kong's proposed rules for blank check listings, arguing they are too onerous and will not make the city competitive, three sources with knowledge of the matter said. | | | | | | Japanese insurers are growing increasingly reluctant to buy foreign government bonds without a currency hedge, as they are not expecting the recent dollar rally against the yen to continue for much longer. | | | | | | Deutsche Bank has hired former Credit Suisse banker Saad Benani to lead its investment banking business in the Middle East and North Africa (MENA), an internal memo seen by Reuters showed. | | | | | | Phil Orlando has not heard this many people mentioning stagflation since he was a financial journalist in the late 1970s, when oil prices were soaring and inflation stood at more than double its current level. | | | | | | Asset manager Ninety One said on Wednesday it had launched a new index to better track emerging market countries' alignment with global climate goals. | | | | | | Hunter Point Capital, the private equity firm launched by Bennett Goodman, who co-founded Blackstone Inc credit arm GSO Capital Partners, has hired a former Blackstone executive, three people familiar with the matter said on Tuesday. | | | | | | Euro zone banks tightened access to mortgages in the three months to September and expect to continue doing so in the final quarter of the year, a European Central Bank survey showed on Tuesday. | | | | | |
