Brazilian bank Banco BTG
Pactual SA said its asset management unit had
maintained the influx of new money in spite of two recent police
investigations at the bank, its asset management chief
executive, Eduardo Guardia, told journalists on Tuesday.
The consortium behind one of the
biggest projects in ex-Soviet Georgia, the construction of the
major deep sea port Anaklia on the Black Sea coast, has accused
the government of sabotage and put the project on hold, its
director general said on Tuesday.
Quarterly results from four of
the largest U.S. banks on Tuesday showed that American consumers
are helping to prop up the economy, even as recession fears have
led businesses to pull back on spending and borrowing.
Private equity firm KKR
is advancing with preparations for a stock market
flotation of German defence supplier Hensoldt in a deal
potentially valuing the company at more than 2 billion euros
($2.2 billion), people close to the matter said.
BlackRock Inc, the
world's largest asset manager, exceeded analysts' estimates for
quarterly profit on Tuesday, as investors poured money into its
fixed-income funds and cash management business amid worries
about global growth.
A former senior Barclays
executive was "panicking" about the risk of a state bailout
during the credit crisis in 2008 because he feared government
scrutiny of his multi-million pound remuneration, a London
criminal trial heard on Tuesday.
Electric bike-sharing startup Wheels said
it has raised more than $50 million in its latest funding round
led by venture capital firm DBL partners, as the company looks
to expand into the U.S. and international markets.