 | | | | An investment manager of a collapsed 100-million-pound ($121 million) Cayman Islands-based legal financing fund was on Wednesday convicted by a London jury of fraudulent trading, fraud by abuse of position and money laundering. | | | | | | The Indian unit of credit rating agency Moody's, ICRA, said on Wednesday that nearly 100 companies with debt totalling 350 billion rupees ($4.40 billion) are likely to be downgraded after the central bank tightened rating methodologies. | | | | | | Germany's Commerzbank has resolved a brief network problem that resulted in a temporary shutdown of its online and mobile banking services, a spokesperson said on Wednesday. | | | | | | Commonwealth Bank of Australia rode the end of a pandemic-powered property boom to its best annual profit in four years, but warned that spiralling cost-of-living pressures had started to hit consumer confidence. | | | | | | Brazil's Votorantim group and Singapore's Temasek Holdings teamed up to launch a $700 million fund to invest in Brazilian companies, they said in a joint statement on Tuesday. | | | | | | XP Inc posted a marginal jump in second-quarter adjusted profit as the Brazilian broker gained from a surge in assets under custody that offset a slowdown in inflows due to higher interest rates. | | | | | | Latin American financial start-up Nubank said on Tuesday that Brazilian pop singer Anitta has left its board of directors, some 14 months after joining it, and will now become a global brand ambassador for the digital bank. | | | | | | Mexican leasing firm Unifin will miss principal and interest payments on its debt because of limited sources of financing, the company said in a filing to Mexico's main stock exchange. | | | | | | Deutsche Bank has hired former Goldman Sachs executive Rod Colburn to their Wealth Management Americas business, according to an internal memo seen by Reuters on Tuesday. | | | | | | Billionaire hedge fund manager Ray Dalio's huge popularity in China has not only drawn local investors flocking to his funds but also spawned home-grown challengers using his "All Weather" strategy and brand to try to beat him at his own game. | | | | | |
