Fortis on Thursday said it expected to receive Chinese approval for the sale of half its asset management business to Ping An Insurance later this year, following reports of a delay.
13 European countries including Germany and France rejected a European Union plan to restrict banks' investments in asset-backed bonds and other risk-sharing instruments.
US regulators are preparing proposals on rules to outlaw abusive short-selling across the entire market, beyond the select group of financial firms currently covered under emergency measures, the head of the US Securities and Exchange Commission said yesterday.
Venture capital investment in Europeâ??s technology companies last quarter fell to its lowest since the dotcom crash, according to data company Library House.