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The Swedish firm has said that it is no longer providing financial guidance for 2025 and 2026, with job losses expected across its global workforce.

US president Donald Trump has ordered a 90-day pause on retaliatory tariffs above the 10% already imposed, except for Chinese goods, with tariffs now at 145% after China retaliated; Trump has now put tariff exemptions on smartphones, electronics and computers.

The US-China trade war, sparked by US president Donald Trump's tariffs, looks like it is just beginning, with global markets set to be on a roller coaster for weeks; China has now retaliated further.

The Middle East office for the Temasek-owned firm, which has $54bn assets under management, will add to offices in Singapore, India, China and Indonesia; Sadiq Hussain will lead its Middle East operations.

FA understands the bank is making a number of senior leadership changes and hires across ECM, investment banking and technology, in Hong Kong, Singapore, Sydney and San Francisco; including Apac Equity Syndicate leader and head of SEA ECM.

Capital Group's Andy Budden, investment director, equities, and Manusha Samaraweera, investment director, fixed income, discussed US productivity growth, high tech valuations, rate cuts, the importance of multinationals, and more, in Singapore last month.

Studies have shown the positive correlation between having female investors or fund managers on team, and portfolio returns. Female finance leaders told FA that a diversity of experiences and skills are important in a fast-evolving sector.

BlackRock, Global Infrastructure Partners and Terminal Investment will control the two ports in the Panama Canal; the deal includes ports in Asia, Australia, Europe, and the Middle East, but not in Hong Kong or mainland China. CK Hutchison's co-managing director Frank Sixt said the deal "is purely commercial in nature".

The BlackRock owned infrastructure investor is targeting the region as it is being driven by "strong economic growth".