Finance

Original title: Mubadala-Backed Corient Buys UK Wealth Firms Stonehage, Stanhope US wealth manager Corient agreed to acquire Stonehage Fleming and Stanhope Capital, allowing the Mubadala-backed firm to almost double assets under management. The combination creates a $430 billion independent wealth manager with the addition of $214 billion assets from the two firms, according to a statement on Tuesday. Financial terms weren’t disclosed and the deal is expected to close in the first half of 2026. ...

Original title: Brazil to Sell Dollar Bonds in Its Busiest Year Since 2014 Brazil is tapping international debt investors for a third time this year — its busiest for sovereign bond sales in more than a decade — as borrowers return to global credit markets. Latin America’s largest economy is reopening dollar notes maturing in 2030 and seeking to sell new bonds due 2056, according to a preliminary prospectus. Initial price talks are pointing to a yield around 5.45% and 7.75%, respectively, said people familiar with the matter, who asked not to be identified discussing a private matter. The transaction is expected to price Tuesday, the people said. ...

Original title: Oil Eases From Near One-Month High in Global Markets Malaise Oil pared an earlier increase, as dour sentiment in wider financial markets countered support from technical buying. Brent rose above $69 a barrel for its fourth gain in five days. The dollar posted its biggest gain since July, hindering commodities priced in the currency, while global bonds staged a broad retreat. Original article

Original title: Anadolu Efes Slumps After Russia JV with AB InBev Rebranded Shares in Anadolu Efes dropped by the most in over five months after the Turkish brewer’s Russian joint venture with Anheuser-Busch InBev was rebranded, deepening concerns that it may not regain control of the business. Anadolu Efes fell by as much as 9.3% on Tuesday. Shares in parent company AG Anadolu Grubu Holding AS and sister firm Coca-Cola Icecek AS declined by as much as 4.5% and 2.3%, respectively. ...

Original title: Turkish Court Removes Main Opposition Party’s Istanbul Head: NTV A Turkish court has ordered the removal of the main opposition party’s Istanbul administration, local media reported, leading to a slump in the local stock market. Stocks fell as much as 5.9% following news a court had annulled the Istanbul provincial congress of the CHP, as the opposition party is known. The lira was down 0.1% against the US dollar, trading at 41.16 at 4:15 p.m. Istanbul. The yield on two-year government bonds soared 85 basis points to 39.78%. Five-year credit default swaps jumped six basis points. ...

Original title: Klarna, Backers Seek $1.27 Billion in IPO After Tariff Pause Klarna Group Plc and some of its shareholders are seeking to raise as much as $1.27 billion as the financial-technology company revives a New York initial public offering that was delayed earlier this year amid market volatility. The company and some of its backers are offering 34.3 million shares for $35 to $37 apiece, according to a filing Tuesday with the US Securities and Exchange Commission. At the top of the range, the company would have a market value of about $14 billion based on the outstanding shares listed in the filing. ...

Original title: US Tech Extends Selloff as Global Bond Yields Rise: Markets Wrap Wall Street returned from a long weekend to renewed anxiety over frothy technology stocks and stretched government budgets. Global bonds staged a broad retreat and gold briefly touched an all-time high. Nasdaq 100 futures dropped 1.3%, deepening the tech-driven selloff that closed out last week. Nvidia Corp. led premarket losses among the Magnificent Seven , retreating 2.4%. S&P 500 contracts fell 1%. The dollar posted its biggest gain since July, putting it on course for a first advance in six days. ...

Original title: Swedish Police Make Arrests Over Trading in Fortnox, Tethys Nine people in Sweden have been arrested on charges of insider trading connected to the takeover offers for online accounting firm Fortnox AB and energy company Tethys Oil AB, a spokesperson for the authorities said by phone. The nine individuals arrested allegedly traded on non-public information during this spring and the fall of 2024, according to a statement by the country’s Financial Crime Authority. ...

Original title: Russia’s Oil Cargoes Flood to China as Tariffs Crimp India Flows Russia’s crude shipments rebounded, with China picking up the slack after US President Donald Trump’s punitive tariffs on India choked exports to the south Asian nation. Trump’s doubling of US import tariffs on goods from India to 50%, imposed as punishment for its persistent buying of Russian oil, appears to be hitting the flow of Moscow’s crude to the nation despite the defiance of the government in New Delhi. ...

Original title: AustralianSuper CEO Pledges $26 Billion for Local Investments AustralianSuper, the country’s top pension fund, has earmarked A$40 billion ($26 billion) for local investment, including critical infrastructure, over the next five years, according to chief executive Paul Schroder . The head of the A$385 billion fund flagged housing, health, the energy transition and artificial intelligence as major challenges for Australia that pension funds can help address — as long as the numbers stack up. ...