JPMorgan Asset Management, a unit of JPMorgan Chase & Co. (JPM), plans to close another 100 funds out of its existing 650 funds, according to a Financial Times report. The closure will comprise 15% of its active funds across Asia and the U.S. As part of the recent plans, JPMF […]
World News
UK court to restart $145-million Nigeria asset-confiscation case
A British court hearing in which prosecutors were seeking the confiscation of 90 million pounds ($145 million) in assets they say belong to a corrupt former Nigerian oil state governor ended inconclusively on Monday and will start afresh next year. James Ibori, who was governor of oil-producing Delta State in […]
World Bank cuts China, East Asia growth forecasts
The World Bank lowered its 2013 and 2014 economic growth forecasts for China and most of developing East Asia on Monday, citing slower growth in the world’s most populous nation as well as weaker commodity prices that have hurt exports and investments in countries such as Indonesia. “Developing East Asia […]
