Global Desk
Senior Editor
Sofia Reyes covers global markets, financial institutions, and capital-markets transactions for the Global Desk. She follows investor sentiment, banking developments, fundraising, buybacks, restructurings, and cross-border deal news. Sofia's writing aims to give readers a clean view of the market impact without burying the essential facts.
The Sandiganbayan, the Philippines’ anti-graft court, dismissed the remaining asset claims in a civil forfeiture case involving the heirs of former president Ferdinand Marcos, ending litigation that had lasted more than 30 years. Media reports said the government previously secured partial summary judgments ordering forfeiture of $658 million in Swiss deposits.
China’s securities regulator said it is preparing a reform plan for the fund management industry focused on improving long-term investor returns, reducing fees, and tightening oversight of market activity. It also outlined a three-year implementation plan for related guidance and said it will encourage private securities funds to adopt long-term, value-oriented investment approaches.