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Meanwhile, tumbling stockmarkets put added strain on precarious capital bases.Eifuku Master Fund, a $300m Japanese hedge fund, collapsed.
The investment from Abu Dhabi underscores Citigroup's precarious capital position, and also highlights the growing petrodollar wealth of Mideast countries, which are buying up assets and taking stakes in numerous American companies.
But given the precarious capital position of banks in even the bloc's most stable countries (see: Germany -> Deutsche Bank), plus the uncertainty surrounding the entire union post-Brexit, the E.U. is not in the best position to cope with the current crunch.
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For me, I think it was probably the right decision, given the precarious state of the capital markets at the time.
But the precarious situation in the Libyan capital precluded any action against him.
Residents reported a precarious calm returning to the capital, Bangui, on Tuesday with less shooting and looting than on previous days, and some markets reopening.
It is naive to believe the fund can become a global financial guardian.The IMF's future rather like its recent past lies with emerging markets, where access to international capital is more precarious than you might think.
KABUL, Sept 27 (Reuters) - U.S. Defense Secretary Jim Mattis visited Kabul on Wednesday to pledge support for the government of President Ashraf Ghani, with the precarious security in the Afghan capital underlined by a rocket attack on the airport hours after he touched down.
Syrian opposition groups and international relief organizations have warned of the extremely precarious situation in some of the capital's suburbs.
Al-Shabaab, the Islamist insurgents, have pulled out of the capital, Mogadishu, but security remains precarious with the threat of hit-and-run attacks and suicide bombings.
The precarious outcome may stir concern in Western capitals that see NATO member Turkey as an important island of political stability bordering Syria, Iraq and Iran.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com