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Investment

JPMorgan sees virus fallout stoking Middle East deals into 2021

DUBAI: The financial fallout from the coronavirus pandemic will keep fuelling debt issuance from the Middle East into 2021, while also stoking mergers and acquisitions (M&As) as companies seek to consolidate, according to JPMorgan Chase & Co.

Corporate News

Schonfeld raises US$1bil for flagship hedge fund

NEW YORK: Schonfeld Strategic Advisors raised more than US$1bil for its flagship hedge fund, double expectations, attracting fresh money from new and existing investors following the March selloff, according to a person with knowledge of the matter.