Australia’s biggest pension funds are losing their appetite for bonds as interest rates peak and are instead ramping up bets on a potentially riskier avenue of higher returns: private credit. Cbus, which has A$90 billion ($59 billion) in total assets, is planning to triple its global allocation to private credit…
Philippine President Ferdinand Marcos Jr. spent the first 15 months of his term working with the US and its allies to counter China’s incursions in the South China Sea. Now, his government is taking the fight more directly to Beijing in a move that could force the US to make some tough choices. Marcos this
Narendra Modi arrives in the US on his first official state visit with India’s geopolitical clout higher than at any point since he took power in 2014. He’ll be looking to leverage that to become an indispensable partner for American tech ambitions. The trip will be a high-profile affair, complete…
By Kari Lindberg (Bloomberg)
Two U.S. carriers conducted a military exercise in the South China Sea, signaling that U.S. President Joseph Biden and his administration are taking a strong stance to oppose China’s territorial claims in the disputed waters.
The dual carrier operations by the Theodore Roosevelt Carrier Strike Group and the Nimitz Carrier Strike Group on Tuesday conducted a “multitude of exercises aimed at increasing interoperability between assets as well as command and control capabilities,” the U.S. Navy said in a statement. The exercises were used to demonstrate the Navy’s ability to operate in challenging environments, it said.