BILL ACKMAN PROJECTED TO SECURE HALF OF HIS PEAK GOAL IN HIS SECOND IPO ATTEMPT — FT

Mitsubishi UFJ Financial Group Inc. plans to begin lending to Indian real estate firms and expand its foreign exchange derivatives business in the country, according to MUFG India deputy CEO Shashank Joshi. The bank is setting up a team to start operations this fiscal year as part of its broader expansion in India following a $4.4 billion stake purchase in Shriram Finance, bringing total investment in the country to about $7 billion. MUFG will fund both domestic and foreign developers using its Indian balance sheet, primarily in rupee-denominated debt, while also considering foreign-currency lending as the business grows.

CHINA’S FOREIGN MINISTRY: CHINA'S POSITION ON THE PANAMA PORT ISSUE IS CLEAR AND WILL FIRMLY SAFEGUARD LEGITIMATE RIGHTS AND INTERESTS