Concise views on global finance: The U.S. fund manager has decided against pushing for a shareholder meeting at the Indian broadcaster. Solving a Down Under venture capital firm’s funding crisis helps pensions giant UniSuper fill an investment hole.
The city is easing travel restrictions that were accelerating emigration: an acceptance that contradictory policies have ended in failure with infections rampant. If moving out of step with mainland China delays reopening of that critical border, people might keep leaving anyway.
Riyadh’s $2.3 trln oil giant is looking to hike output. If the kingdom starts to price some crude sales in yuan instead of dollars, higher Chinese exports could increase its stocks of renminbi. That could focus Saudi minds on whether to hitch its future to Beijing or Washington.
Western armies may get an extra $100 bln a year to counter Russian aggression. Orders for tanks, missiles and bombers have boosted defence stocks like Britain’s BAE and Germany’s Rheinmetall. NATO allies will also need more soldiers and revamped nuclear arsenals.
Many asset managers with exposure to Russian stocks and bonds have locked their funds. One solution is to park illiquid assets in a separate vehicle – a tool known as side-pocketing. But before approving the move, regulators should ensure it’s not an excuse to charge extra fees.