‘Shadow banking’ growing at double the rate of traditional lenders, FSB says

‘Shadow banking’ growing at double the rate of traditional lenders, FSB says

[ad_1] The sector’s rapid growth alarms regulators over weak transparency and risks spilling into broader financial markets [LONDON] The non-bank financial sector’s share of global assets grew to 51 per cent, or US$256.8 trillion, last year and expanded at double the rate of the traditional banking industry, the Financial Stability Board (FSB) said on Tuesday…

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Kelsey Grammer knew LA wasn’t for him ‘the minute I got here’: ‘We got nincompoops running things’

Kelsey Grammer knew LA wasn’t for him ‘the minute I got here’: ‘We got nincompoops running things’

[ad_1] Kelsey Grammer opened up about his love-hate relationship with Los Angeles.  During an interview with Fox News Digital, the 70-year-old “Turbulence” actor, who has lived in LA since the early 1980s, recalled the moment that he knew the LA life was not for him.  “The minute I got here,” Grammer said with a laugh. “But…

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8 narco-terrorists killed in latest Eastern Pacific lethal kinetic strikes, SOUTHCOM says

8 narco-terrorists killed in latest Eastern Pacific lethal kinetic strikes, SOUTHCOM says

[ad_1] The United States Southern Command announced Monday that the United States carried out “lethal” strikes on multiple vessels operated by designated terrorist organizations, killing at least eight narco-terrorists. “On Dec. 15, at the direction of @SecWar Pete Hegseth, Joint Task Force Southern Spear conducted lethal kinetic strikes on three vessels operated by Designated Terrorist Organizations in…

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Philippine wealth fund to invest in port company Asian Terminals

Philippine wealth fund to invest in port company Asian Terminals

[ad_1] The Philippine sovereign wealth fund has pursued a few deals since its inception in 2023 [MANILA] Philippine sovereign wealth fund Maharlika Investment plans to acquire a minority stake in Asian Terminals, the nation’s second-largest port operator. The fund said that it will pay 3.6 billion pesos (S$79 million) for an 11.2 per cent stake…

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Asian markets retreat ahead of US jobs as tech worries weigh

Asian markets retreat ahead of US jobs as tech worries weigh

[ad_1] ASIAN markets extended losses with Wall Street on Tuesday as investors jockeyed for position ahead of key US jobs and inflation data, while sentiment remains subdued by worries over a possible tech bubble. After a healthy tech-led run-up this year, traders appeared to be seeing it out on a tepid note amid questions over…

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