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Investment

Air Astana warns before float bid

Air Astana could be worth up to 750 million pounds sterling when it goes to market. This is the Kazakhstan flag carrier's plan to be the largest float this year in London. Air Astana, however, has given 50 reasons to potential investors…

Citigroup to launch China-based Investment Bank

Citigroup will launch an investment banking division in China to further its involvement in China’s financial markets, even though rivals are becoming more cautious in the country. A person familiar with the matter said that the large US…

UK investors avoid London-listed stocks

By the end of 2023, private UK investors are expected to have pulled the largest amount of money in over two decades from London listed equities as the cost-of-living crisis continues to bite. This will further compound a flight away from…

BlackRock sued by Tennessee for ESG strategies

BlackRock was sued on Monday by the US state Tennessee. The lawsuit accused the $9.1 trillion New York-based asset management firm of violating consumer laws by ignoring environmental, social, and governance factors when developing its…

UAE launches $30bn Investment Fund at COP28

According to sources familiar with the situation, the United Arab Emirates will launch a $30bn fund to invest in climate change with BlackRock TPG and Brookfield. The UAE is launching the campaign to boost its credentials as the host of…