The U.S. Supreme Court on
Monday upheld appointments to Puerto Rico's federally created
financial oversight board that had been challenged by creditors
in a ruling that avoids disruption to the panel's restructuring
of about $120 billion of the bankrupt U.S. territory's debt.
Chinese online grocery firm Dada Nexus
Ltd said on Monday it aims to raise up to $280.5 million in a
U.S. initial public offering (IPO), attempting a listing on New
York's Nasdaq at a time of deepening tensions between Washington
Britain faces a call from banks
for legislation to force billions of pounds of financial
contracts which still reference the soon-to-be defunct Libor
interest rate benchmark to adopt other pricing mechanisms.
Kazakhstan's Halyk Bank
is reviewing its profit guidance and other targets for this year
due to an uncertain business environment, but could reconsider
its decision not to pay a dividend if the situation improves, it
said on Monday.
The U.S. Supreme Court on Monday refused
to hear a bid by major banks and companies including Koch
Industries Inc to prevent a trustee chasing money for victims of
imprisoned Ponzi scheme swindler Bernard Madoff from recouping
funds that were transferred overseas.