Tokyo Trading Is Halted by System Problem
The Tokyo Stock Exchange halted all stock trading for Thursday's session due to a system problem, a rare glitch that market participants said could undermine trust in the exchange.
Singapore Shuts Wirecard Payments Operation
Singapore's central bank ordered Wirecard AG to shut its local payment network and return customer funds, the latest step in the dismantling of the former fintech star following alleged multibillion-dollar fraud.
Allstate to Lay Off 3,800 Employees
One of the U.S.'s largest insurers said it plans to lay off about 8% of its approximately 46,000 workers.
Silver Lake Picks Up More Stake in Reliance's Retail Venture
Investment partners of Silver Lake will inject an additional $255 million into the retail arm of Indian conglomerate Reliance Industries Ltd., increasing its stake to 2.13% from 1.75%.
Consortium to Buy Blackstone's Stake in U.K. Insurer
Singapore sovereign-wealth fund GIC and Massachusetts Mutual Life Insurance have agreed to buy Blackstone Group's stake in a U.K.-based insurer.
Brett Icahn Poised to Rejoin His Father's Firm
Carl Icahn will remain in charge of Icahn Enterprises for now, but the company will adopt a plan for his son Brett to succeed him as chairman and chief executive of its investment segment within seven years.
New Jersey Pension Plans $600 Million for Separately Managed Accounts
The New Jersey State Investment Council is pledging $500 million for co-investments to BlackRock Private Equity Partners and Neuberger Berman.
Blank-Check Companies Get the ETF Treatment
A new ETF seeks to capitalize on the boom in 'SPACS,' whose purpose is to acquire companies and bring them into the publicly traded stock market.
State-Owned Punjab National Bank Reports $164 Million Fraud
Punjab National Bank said it has been hit by a $163.6 million fraud by one of its customers, the latest in a series of such cases affecting the lender.
China's Yuan Is Riding High as Economy Recovers, Foreign Investors Pump In Money
The yuan is closing out its strongest quarter against the dollar in more than a decade, boosted by optimism over China's economic outlook and by the country's comparatively high interest rates.
