Canadian Insurer Sagen Plans to Raise Around C$300 Million
Insurance company Sagen MI Canada Inc. is looking to raise around C$300 million ($216 million) through a bond sale as soon as this week, according to people familiar with the matter.
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Insurance company Sagen MI Canada Inc. is looking to raise around C$300 million ($216 million) through a bond sale as soon as this week, according to people familiar with the matter.
LATIN AMERICA · MONEY Key Facts —The dates The US Federal Reserve’s FOMC and Brazil’s Copom both meet on 15–16 September 2026 — two decisions in the same two days. —The bets B3 options put roughly 95% probability on a 0.25-point Selic cut to 13.75%; a hold gets about 3.5%. Economists expect the Fed to […] The post Fed and Copom on the Same Two Days: What This Week’s Decisions Mean for Expat Money appeared first on The Rio Times.
CHILE · MONEY Key Facts —The print Chile’s dólar observado came in at 940.91 pesos per dollar on Monday 14 September 2026 — the dollar’s firmest level against the peso in a month. —The move Friday’s print was 937.17. None of the previous 30 daily readings exceeded that level — Monday’s is the firmest dollar […] The post Chile’s Peso Weakens Past 940: What the Dollar’s Best Level in a Month Means for Expats appeared first on The Rio Times.
A former Malaysian religious affairs minister pleaded not guilty on Monday to three charges involving more than 860 million ringgit (US$211 million) in transactions linked to the country’s state-run haj savings fund and a Saudi property group. Jamil Khir Baharom, 65, served as minister in the Prime Minister’s Department overseeing religious affairs from 2009 until 2018, when the government of former prime minister Najib Razak lost power. His prosecution is the latest legal action to follow a...
In the final instalment of our series of previews on the five-year plan and policy address, to be announced on September 16, Natalie Wong and Matthew Cheng look at how national security spans areas such as finance and technology and what Hong Kong must do to earn Beijing’s trust. Read part one here, part two here, part three here and part four here. With the recent sentencing of former leaders of Hong Kong’s Tiananmen Square vigil concluding a key high-profile subversion case, it would be easy...
The Indian banking regulator’s refusal to exempt Tata Sons Pvt. from a public listing-rule comes as an unexpected blow for group patriarch Noel Tata, who’s already struggling to address leadership uncertainty at the top of the $185 billion conglomerate.
Hong Kong will deepen ties with emerging economies worldwide, expanding connections with the Middle East and belt and road countries, from finance to innovation and technology, according to the finance chief. Financial Secretary Paul Chan Mo-po also said the city aims to build “networked and institutionalised” connectivity with the Global South – a broad term for developing less-industrialised countries, primarily located in Africa, Asia and Latin America. Belt and road countries are nations...
Egypt · FINANCE Key Facts —What happened Afreximbank said it provided about US$9.5 billion in financing to Egypt over the past three years. —How big Egyptian media reported the bank has invested around US$41 billion in the country to date. —The balance sheet Total assets and contingencies reached US$52.3 billion by 30 June 2026, up […] The post Africa’s Trade Bank Has Lent Egypt US$9.5 Billion in Three Years and Is Turning Cairo Into a Hub appeared first on The Rio Times.
Nigeria · FINANCE Key Facts —What happened The online investment platform PXES stopped paying investors in early September 2026 and then became inaccessible. —The promises PXES offered returns of 25% to 50%, with some packages as high as 120%. —Who it hits Victims report losses from tens of thousands to millions of naira, with angry […] The post Nigerian Savers Lose Millions After the Online Investment Platform PXES Stops Paying Out appeared first on The Rio Times.
The four-month course was conducted under the Directorate General of Resettlement, Ministry of Defence, and the Institute of Cost Accountants of India as part of an initiative to expand post-service employment opportunities for armed forces personnel.
Cryptocurrency billionaire Christopher Harborne said on Saturday he had donated £36 million (US$49 million) to Britain’s anti-immigration Reform UK, matching an already record contribution to Nigel Farage’s party a day earlier as it prepares for the next election. The donation gives the veteran Brexit campaigner’s party £72 million from two donors in less than 48 hours at a time when it is confronting allegations about irregularities in its funding, which it denies. The figure exceeds what...
India’s central bank has rejected an application from Tata Sons Pvt. to surrender its status as a shadow lender, according to people familiar with the matter, implying it expects the company to adhere with rules for such entities that include an initial public offering.
HSBC Holdings Plc is set to start its search for a new chief financial officer, parsing through a pool of internal and external candidates willing and qualified to take on one of the biggest jobs in global finance. The bank is looking to replace Pam Kaur, who unexpectedly announced Thursday she would retire from the role in 2027.
Investing in Colombia for foreigners now runs through local brokers, central bank registration and peso exposure. Here is what the standing routes mean in 2026. The post Investing in Colombia for Foreigners via BVC and TES appeared first on The Rio Times.
To open bank account in Mexico as a foreigner in 2026 you generally need a residency card. CURP alone buys only a capped basic account. The post Open Bank Account in Mexico as a Foreigner Now appeared first on The Rio Times.
The list of challenges confronting Wall Street piled up this week. Oil firmly above $100. Inflation refusing to disappear. A defiant bond market that all but dared Scott Bessent to bring more policy firepower.
O ministro Luiz Fux, do Supremo Tribunal Federal (STF), deu 15 dias para que União, Banco Central e Fundo Garantidor de Crédito (FGC) expliquem os entraves para viabilizar um empréstimo de R$ 6,6 bilhões para salvar o Banco Regional de Brasília (BRB), envolvido no escândalo financeiro do Banco Master. Fux também determinou que Procuradoria-Geral da República (PGR) seja notificada a se manifestar logo em seguida. A decisão foi assinada na última quarta-feira (9). Notícias relacionadas:Entenda operação de até R$ 6,5 bilhões para socorrer BRB.Audiência no STF sobre empréstimo ao BRB termina sem avanços.O empréstimo tem como objetivo cobrir parte do rombo provocado pela compra de carteiras de empréstimos fraudulentas do Master pelo BRB. Caso isso não seja feito, o banco corre o risco de ser liquidado pelo Banco Central (BC) por não atender às exigências regulatórias. As circunstâncias da operação entre o BRB e o Master são investigadas em um inquérito criminal no Supremo Tribunal Federal (STF), sob a suspeita de que executivos do banco foram subornados a aprovar o negócio. Até o momento, não está clara a dimensão exata do prejuízo causado ao BRB, pois o banco vem adiando sucessivamente a divulgação de seu balanço financeiro, à revelia dos prazos legais. Acordo Um acordo para resgatar o BRB, costurado com a União, chegou a ser homologado por Fux em maio, mas até o momento o empréstimo não foi realizado, agravando a saúde financeira do banco controlado pelo governo do Distrito Federal (GDF). O GDF acionou o Supremo na tentativa de obrigar o Tesouro Nacional entrar como avalista do empréstimo ao BRB. Durante o processo de conciliação, contudo, a União acabou costurando um acordo que não prevê a utilização de recursos federais como garantia do negócio, mas do Fundo de Participação dos Estados (FPE) e do Fundo de Participação dos Municípios (FPM). Esses fundos são transferências federais feitas regularmente aos governos estaduais e municipais. Pelo acordo, se houver inadimplência, os bancos poderão acessar parte desses recursos para receber os pagamentos da dívida. Outras garantias, como dividendos e participação acionária, também poderão ser usadas. Entraves O empréstimo de resgate ao BRB ainda não foi realizado devido ao receio dos bancos que integram o Fundo Garantidor de Crédito (FGC), que apresentaram dúvidas em relação à viabilidade do plano de negócios do banco distrital para os próximos anos. Os bancos também querem garantias de que vão conseguir acessar os recursos do FPE e FPM, que são recursos públicos, em caso de inadimplência. Uma audiência realizada por Fux em agosto para tentar destravar a operação acabou sem avanços. Argumentação O governo do Distrito Federal argumenta no STF que o BRB tem papel estratégico para a administração pública local. O banco opera programas sociais do DF, faz pagamentos de servidores públicos, administra benefícios sociais e concentra recursos públicos e depósitos judiciais. Segundo o GDF, um eventual colapso da instituição poderia afetar serviços públicos, programas sociais e milhares de correntistas.
Indonesian builder PT PP will restructure 18.2 trillion rupiah ($1 billion) of bank loans, adding to sovereign wealth fund Danantara’s mounting burden of cleaning up troubled state-owned companies.
Nigeria · FINANCE Key Facts —What happened The European Investment Bank has invested €108 million (about US$126 million) in Nigeria and other African countries through its Boost Africa initiative over the past decade. —How big The €108 million (about US$126 million) was deployed through six venture capital funds and mobilised nearly €400 million (about US$469 […] The post European Investment Bank Puts US$126 Million Into Nigeria and African Startups appeared first on The Rio Times.
Wall Street has a rule for how equity bull markets end: the economy rolls over or the Fed tightens until something breaks. Neither is in place right now, but rate risk is creeping back.
Insight with Haslinda Amin, a daily news program featuring in-depth, high-profile interviews and analysis to give viewers the complete picture on the stories that matter. The show features prominent leaders spanning the worlds of business, finance, politics and culture. (Source: Bloomberg)
"Bloomberg: The Asia Trade" brings you everything you need to know to get ahead as the trading day begins in Asia. Bloomberg TV is live from Tokyo and Sydney with Shery Ahn and Haidi Stroud-Watts, getting insight and analysis from newsmakers and industry leaders on the biggest stories shaping global markets. (Source: Bloomberg)
O saldo da aplicação na caderneta de poupança caiu em agosto deste ano, com registro de mais saques do que depósitos. As saídas superaram as entradas em R$ 10,5 bilhões, de acordo com relatório divulgado nesta quinta-feira (10) pelo Banco Central (BC). No mês passado, foram aplicados R$ 357,7 bilhões, contra saques de R$ 368,2 bilhões. Os rendimentos creditados nas contas de poupança somaram R$ 6,5 bilhões. O saldo da poupança é pouco mais de R$ 1 trilhão. Notícias relacionadas:Retiradas da poupança superam depósitos em R$ 7,15 bilhões em julho.Poupança: saques superam depósitos em R$ 39,3 bilhões no semestre.Poupança tem entrada líquida de R$ 2,6 bilhões em maio.É o terceiro mês seguido de saques líquidos na poupança. Em 2026, apenas em maio houve mais depósitos que retiradas. Nos últimos anos, a caderneta vem registrando mais saques que depósitos. Em 2023 e 2024, as retiradas líquidas foram de R$ 87,8 bilhões e R$ 15,5 bilhões, respectivamente. No ano passado, o saldo negativo da poupança chegou a R$ 85,6 bilhões. Até agosto, a caderneta já acumula R$ 57,1 bilhões em retiradas líquidas. Entre as razões para os saques está a manutenção da Selic – a taxa básica de juros – em alta, o que estimula a aplicação em investimentos com melhor desempenho. Definida pelo Comitê de Política Monetária (Copom) do BC, a taxa está em 14% ano. De junho de 2025 a março deste ano, a Selic ficou em 15% ao ano, o maior nível em quase 20 anos. O Copom voltou a cortar os juros na reunião de março, num cenário de queda da inflação. No entanto, a guerra no Oriente Médio, que se refletiu no aumento dos preços de combustíveis e de alimentos, dificulta a queda da taxa. A Selic é o principal instrumento do BC para garantir que a meta de 3% (com tolerância de 1,5 ponto para mais ou para menos) para o Índice Nacional de Preços ao Consumidor Amplo (IPCA), referência oficial da inflação no país, seja alcançada. Quando o Copom aumenta a taxa básica de juros, a finalidade é conter a demanda aquecida e isso causa reflexos nos preços porque os juros mais altos encarecem o crédito e estimulam a poupança. No mês de julho, os alimentos ficaram mais baratos e contribuíram para que a inflação oficial perdesse força pelo quarto mês seguido e fechar em 0,07%, de acordo com o Instituto Brasileiro de Geografia e Estatística (IBGE). O resultado fez o IPCA acumular 4,44% em 12 meses, trazendo o indicador de volta para a margem de tolerância da meta. A inflação de agosto será divulgada na próxima sexta-feira (11) pelo IBGE.
Stephanie Aliaga, Global Market Strategist at JPMorgan Asset Management, looks ahead to the September Fed meeting with Bloomberg's Bailey Lipschultz and Vonnie Quinn on "Open Interest." (Source: Bloomberg)
The widening yield spread between Chinese and American government bonds is unlikely to trigger catastrophic capital flight from China, according to investment executives at Marsh Investment, who attribute the record spread to the United States’ fiscal pressures and global macro trends rather than a structural retreat for Chinese assets. The spread between benchmark 10-year US Treasury bonds and equivalent Chinese sovereign bonds hit a record 3.17 percentage points this week. Yields on US...
Chile is allowing local pension funds to participate in repo and reverse-repo transactions for the first time, improving their liquidity management and cutting costs, while boosting trading volumes in a quiet backwater of the Latin American debt market.