Elliott Management backstopped a multibillion-dollar debt package to fund its takeover of television ratings provider Nielsen, helping steer the $16bn acquisition through markets that have grown warier of riskier deals. The New York-based firm bought the debt alongside other investors at a discount from Wall…

US securities regulators have charged Sam Bankman-Fried with defrauding investors in his recently bankrupt cryptocurrency exchange FTX, the first move in an expected onslaught of criminal and civil charges following his arrest in the Bahamas late on Monday.The Securities and Exchange Commission said on Tuesday…

The Bank of England will carry out a first of its kind stress test of vulnerabilities in non-bank financial markets next year, after September’s implosion of UK pension funds exposed gaps in policymakers’ understanding of systemic risk in key markets.The BoE announced the exercise in…

European stocks were higher on Tuesday ahead of the eagerly anticipated release of November’s US consumer price figures, with investors hoping the data would provide further evidence that inflation in the world’s biggest economy had peaked.The regional Stoxx Europe 600 added 0.2 per cent in…

Stocks of Chinese drugmakers, breweries and funeral services have stormed back into fashion as investors try to profit from a coronavirus exit wave as the world’s most populous country loosens pandemic restrictions.Over the past week, a clutch of Chinese pharmaceutical companies have been among the…

JPMorgan will give three actively managed ETFs with a combined $1.7bn in assets a passive makeover, filings show.The ETFs will become part of JPMorgan’s BetaBuilders family of traditional cap-weighted strategies covering various countries and regions, the firm disclosed on Friday.The three funds are the firm’s…