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Lloyds set to pay Standard Life US$174mil in fund settlement

LONDON: Lloyds Banking Group Plc and Standard Life Aberdeen Plc are set to settle a dispute over the bank’s decision to pull its £109bil (US$136bil) contract from the asset manager.

Asian markets down on Fed interest rate cut worry

PETALING JAYA: Equity markets appear to be bracing for a disappointment and are expecting a smaller interest rate cut by the US Federal Reserve (Fed) come the end of this month.

Investors risk getting tangled up in Fed markets feedback loop

NEW YORK: The Federal Reserve is preparing to deliver what the market expects to be the first of multiple interest-rate cuts. The others are sure to follow if policy makers can’t break what’s starting to look like a vicious circle.

Schroders warns passive credit investors face losses during downturn

KUALA LUMPUR: Schroders warns that passive investment grade bondholders could be facing significant downgrade losses when the next economic downturn hits as it highlightlight the vulnerability of BBB-rated bonds.

Instant View: Mexico's finance minister quits, deputy named successor

MEXICO CITY (Reuters) - Carlos Urzua resigned as Mexico's finance minister on Tuesday, a blow to the government of President Andres Manuel Lopez Obrador, who named a well-regarded deputy minister to replace him.

UK stock market another victim of Brexit

LONDON: Brexit has claimed another victim: the UK stock market. Three years after the referendum to leave the European Union, the nation’s equity market is shrinking faster than any other major venue globally, according to Citigroup Inc.