Fund giant says EM local bonds, among other diversification options, will provide stronger portfolio protection as unusual positive correlation raises questions. In their Charting Perspectives feature this week, Pimco  has tracked the growing positive correlation between the US Dollar and US equities volatility, "a potential sign of diminished safe-haven appeal without a corresponding gain in risk-on support," the firm said in a note. Managing Director Pramol Dhawan put the hammer down...

Dubai-based investment banking and asset management firm serving as joint lead manager for Kuwait Finance House's $850 million tier-one issuance.

However the Supreme Court decides, history suggests the levies will induce lasting structural shifts, similar to a targeted steel regime that was briefly deployed more than 20 years ago.