FTX Chaos Prompts Reckoning on Dubai’s Embrace of Crypto Giants

(Bloomberg) — On Oct. 26, days before the collapse of his crypto exchange FTX, Sam Bankman-Fried sat for lunch at an upscale Dubai restaurant, subtly testing the waters for funding at a table of founders, bankers and financiers, including Anthony Scaramucci. 

Charting the Global Economy: OECD Raises Inflation Forecast

(Bloomberg) — Central banks around the world must be steadfast in their inflation fight even though economies will suffer as a result, the OECD said this week. The organization boosted its 2023 inflation estimates and said it expects price increases the following year will remain above the targets set by many global central banks. While … Read more

FTX Crypto Bubble Really Is the Worst of Its Kind

Sam Bankman-Fried, founder and chief executive officer of FTX Cryptocurrency Derivatives Exchange, during an interview on an episode of Bloomberg Wealth with David Rubenstein in New York, US, on Wednesday, Aug 17, 2022. Crypto exchange FTX US is expanding its no-fee stock trading service to all US users, including non-crypto investors, in a move to … Read more

After Tragedy In Family, Shapoor Mistry Faces A $29-Billion Challenge

Now Mistry, 57, will have to figure out how to resolve that dispute and free up cash as a weakening economy and rising interest rates rattle his Shapoorji Pallonji Group, which just emerged from years of financial stress during the pandemic. He has met with lawyers and consultants, people familiar with the discussions said. Those, … Read more

DeSantis Makes Pitch to Republicans Looking to Move From Trump

Ron DeSantis, governor of Florida, during the Republican Jewish Coalition (RJC) Annual Leadership Meeting in Las Vegas, Nevada, US, on Saturday, Nov. 19, 2022. Democrats defied political forecasts and historical trends to keep control of the Senate in a win for President Joe Biden, as voters rejected a handful of candidates backed by former President … Read more

Dalio Warns of Consequences of ‘More Intense’ China-US Friction

The mere perception that China and the US are “dangerously close to a military war” is having detrimental effects on the world and paralyzing activity, according to billionaire investor Ray Dalio.

Election Day Opens With Americans Set to Deliver Verdict on Biden Agenda

(Bloomberg) — A deeply divided US electorate delivers its verdict Tuesday on whether Democrats or Republicans have the right prescription to guide the nation through a bout of inflation, a looming recession and bitter splits on cultural and social issues. Voters will decide control of Congress as well as state capitals across the country, but … Read more

Uday Kotak Weighs $1 Billion Real Estate Fund

Kotak Investment Advisors Ltd., backed by Asia’s richest banker Uday Kotak, is looking to raise about $1 billion for a new fund dedicated to investing in India’s residential real estate, according to a person familiar with the matter.

Chinese Junk Bonds Set Record Low as Property Crisis Spreads

Chinese junk dollar bonds have dropped to a record low, as a property crisis sparked by a crackdown on excessive borrowing and a slide in home sales show few signs of turning around without more policy steps.