Indonesian President Prabowo Subianto has sacked finance minister Purbaya Yudhi Sadewa and appointed his deputy, Suahasil Nazara, as his replacement, the president’s office said on Monday, Reuters reported. Suahasil, who has served
Self-described “Spac King” Chamath Palihapitiya is making a high-profile return to special purpose acquisition companies (SPACs), launching a new blank-cheque vehicle after helping drive the pandemic-era SPAC boom that later fizzled. Palihapitiya,
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India is weighing its first major consumption tax cuts in nearly a decade, with proposals to slash levies on small cars and motorcycles to 18% and ease duties on premium vehicles, according
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Chinese companies in the electric vehicle (EV) supply chain invested more overseas than domestically in 2024, marking a historic shift in strategy, according to a report from the Rhodium Group cited by
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The Trump administration is weighing a plan to acquire a roughly 10% stake in Intel Corp., a move that could make the United States government the chipmaker’s largest shareholder, according to reporting
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Indian Railways has announced a series of groundbreaking developments aimed at strengthening sustainable transport, boosting freight growth, and advancing electrification across the network. On Monday, the Ministry of Railways said Banaras Locomotive
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National Australia Bank Ltd. (NAB) said it will take a one-off charge of A$130 million ($85 million) and launch a comprehensive review of its payroll systems after discovering that a range of
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A growing number of India’s largest conglomerates are quietly pursuing partnerships with Chinese companies in sectors such as electric vehicles, lithium-ion batteries, and clean mobility, according to reporting from Bloomberg. Executives have
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Indonesia has launched one of its largest corruption investigations in decades, targeting powerful oil trader Mohammad Riza Chalid in a sweeping $18 billion probe into state-owned energy giant PT Pertamina, Bloomberg reported.
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JPMorgan Chase is weighing plans to construct a new tower at Canary Wharf as it assesses the long-term future of its European headquarters in London. The US banking giant is examining whether
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China’s $11 trillion stock market is once again under scrutiny as weak long-term returns continue to weigh on household confidence and consumer spending, presenting challenges not only for President Xi Jinping but
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The Canadian government has intervened to end a strike by more than 10,000 Air Canada flight attendants, less than half a day after it began, following hundreds of flight cancellations that disrupted
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Banks and companies across emerging markets are rushing to international debt markets at the fastest pace in four years, taking advantage of lower borrowing costs as investors demand the smallest premium over
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Credit markets in the United States have tightened to levels not seen in more than two decades, with the premium that investment-grade companies pay to borrow above government bonds falling to its
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A sweeping U.S. plan to levy steep port fees on Chinese-built and Chinese-owned ships is reshaping global shipping routes, with many carriers already pulling such vessels from American ports months before the
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The Trump administration is in talks with Intel Corp. about a potential U.S. government stake in the struggling chipmaker, according to people familiar with the matter, in what would mark another high-profile
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