Ares Management, a major player in the private lending industry, has been hit with redemption requests to its Ares Strategic Income Fund totaling 11.2 percent of the fund’s assets.
Category: 31 March 2026
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ENERGY SHOCK WILL PUSH U.S. INFLATION TO 4.2 PERCENT, OECD SAYS
The energy price surge set off by the Iran War will drive U.S. inflation to 4.2 percent this year, the highest among G7 nations, according to a projection by the Organization for Economic Cooperation and Development (OECD).
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UBS SUSPENDS WITHDRAWALS FROM REAL ESTATE FUND
UBS has halted all withdrawals from its €400-million European “Eurovest” real estate investment fund for up to 36 months.
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U.S. CONSUMER GLOOM
The University of Michigan’s monthly survey of consumer sentiment in March found American households in a darker mood than in February.
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WITH CAR SALES DOWN, VW TURNS TO MAKING MISSILE PARTS
Iconic carmaker Volkswagen is in discussions with Israel’s Rafael Advanced Defense Systems, developer of the country’s “Iron Dome” defense infrastructure, to make military equipment at a car plant in Osnabrück that VW has slated for closing next year.
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MONTREAL BANK OFFERS TOKENIZED CASH TRANSFERS
The Bank of Montreal will offer institutional customers the ability to convert cash into digital tokens on a blockchain to facilitate instant payments and transfers any day, day or night.
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ODDS OF U.S. RECESSION APPROACH 50 PERCENT
The Iran war’s boost to fuel costs, the resulting expected rise in inflation, and an already weak jobs market have combined with general and geopolitical uncertainty to push the U.S. economy uncomfortably close to a recession.
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PLAN FOR DIGITAL EURO GETS KEY ENDORSEMENT
Fernando Navarette, the European parliament’s member in charge of guiding the debate over creation of a digital euro, has reversed his position and now endorses the concept.
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CHINA’S FACTORY PROFITS JUMPED 15 PERCENT AS 2026 BEGAN
China’s industrial profits shot up 15.2 percent year over year during this year’s first two months, after managing to grow just 0.6 percent in all of 2025, the National Bureau of Statistics (NBS) reported last week.
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ECB READY TO RAISE KEY INTEREST RATE, LAGARDE SAYS
The European Central Bank (ECB) is poised to raise its policy interest rate “at any meeting…if appropriate,” bank president Christine Lagarde said at a 24 March financial conference.