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UBS and Citi among nine banks fined $21.5mn in Singapore money-laundering case
Scandal involving island-wide seizures of gold bars and luxury cars rocked city-state’s wealth management sector
Brazil’s UN climate summit chief defends Petrobras oil expansion
Transition away from fossil fuels will incorporate ‘some years’ using oil, Corrêa do Lago says
The dilapidated dollar
While equities soar, the US dollar plunges
Europe needs to shrug off fear and embrace stablecoins
The region risks marginalisation in the emerging new digital financial ecosystem
London IPO fundraising falls to 30-year low
Companies raise just £160mn in first half amid growing fears over waning attractiveness of UK markets
Reeves to announce review of workplace pensions
UK chancellor’s Mansion House speech expected to include details of commission into adequacy of retirement savings
Too big too fast: how $10bn UK energy challenger Prax unravelled
Collapse of Lindsey refinery owner is a cautionary tale of a company lacking financial heft to manage its sprawling operations
China could give luxury titans a run for their money
Local jewellers chip away at European dominance in domestic market as consumers move towards homegrown products
EU watchdog warns Ursula von der Leyen against rushing deregulation
European Commission risks eroding trust by using urgent procedures to cut red tape, ombudsman says
Investor fright over Reeves’ tears shows fragility of UK finances
Market fears that replacing chancellor would imperil fiscal rules
Signs of a pick-up in venture capital exits are finally emerging
Figma listing plans might raise hopes of a rise in IPO activity
Nigeria’s Guaranty Trust plans secondary listing in London
Owner of African nation’s most valuable bank will boost UK market as it looks abroad for capital
I’m human. Are you? The battle for our online identity
The increasing ubiquity of AI makes it harder to authenticate who someone is in the digital realm
Sentiment sours in the US oil patch amid low crude prices
Dallas Fed survey shows energy executives facing tougher business conditions
BlackRock and Schroders bought gilts during market slump
Big asset managers added to holdings in bet that sell-off sparked by doubts over Rachel Reeves’ future would be shortlived
Chris Hohn’s hedge fund TCI beats stock markets with 21% gain
Bets on GE Aerospace, Microsoft and Visa help activist fund to first-half profits
Brussels to seek more joint debt in EU budget plan
European Commission to propose mechanism to issue common bonds to fund member states in emergencies
Markets rally after Starmer says Reeves to remain chancellor and backs fiscal rules
Move partially reverses sell-off prompted by investor fears chancellor would be sacked after emotional PMQs appearance