Faced with a wave of redemptions and market turmoil, the private credit industry is leaning into a classic Wall Street maneuver: securitization. Private credit firms are issuing collateralized loan obligations at a near record pace, despite unease over a potential...

President Donald Trump’s speech last night about Iran did little to change the current market dynamic. That will change in time. But the real challenge to market indexes goes beyond rising oil prices. In the background, the festering pool of bad private credit deals...

Singapore said a mutated monkeypox strain has spread locally for the first time, marking a new emergence of the potentially deadly virus in Asia while it continues to spread through Africa. Two men aged 30 and 34 are in stable condition after “likely being infected...

OpenAI shares have fallen out of favor on the secondary market — in some cases becoming almost impossible to unload — as investors pivot quickly to Anthropic, its biggest competitor. Even as OpenAI raced in recent months to raise tens of billions of dollars, Next...

Emirates Global Aluminium, the Middle East’s top producer of the metal, halted operations at its Al Taweelah smelter after the site was struck by Iranian missiles and drones over the weekend, according to a person familiar with the matter. The smelter on the outskirts...

London’s unsettled family office economy has drawn rising investment from wealthy Middle Eastern families in the past 18 months, providing a boost as other rich investors pull back. Firms managing multi-billion-dollar fortunes from the United Arab Emirates to Saudi...