Blackstone plans to double its investments in India to $100 billion within five years, with chief operating officer Jonathan Gray describing the country as the firm’s best-performing market and expressing confidence in
The Indian rupee climbed to a two-month high on Thursday after a massive wave of overseas fundraising through special measures exceeded market expectations, strengthening the currency’s outlook as renewed U.S.-Iran conflict pushes
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Nearly 800 Indonesians have fallen ill in a series of separate food-poisoning incidents linked to President Prabowo Subianto’s flagship free meals programme, raising fresh questions over the safety and management of a
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JPMorgan Chase has sharply reduced the financing it provides to Jane Street, according to reporting by the Financial Times, as the secretive trading firm’s rapid expansion into the bond market brings it
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The Dutch central bank has moved more than 78 tonnes of gold from New York to London, in a politically sensitive decision that reflects growing concern among European institutions about the security
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For more than four decades, Jebel Ali has been at the heart of Dubai’s transformation from a regional trading centre into one of the world’s major commercial hubs. Now, the war between
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China is preparing to open the Pinglu Canal, a 72.7 billion yuan (US$10.8 billion) waterway designed to accelerate trade between the country’s inland manufacturing regions and Southeast Asia, with its first command
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Sanae Takaichi’s rise to power was greeted by many in her home region of Nara as the arrival of a politician capable of breaking Japan’s long-running cycle of ageing demographics, weak growth
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The European Commission is drawing up plans to break up parts of the European External Action Service (EEAS) and transfer its functions to existing Commission departments, responding to pressure from France and
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Apple has awarded Tim Cook a $47mn pay package as he moves from chief executive to executive chair, a deal that brings his compensation close to that of his successor and signals
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China has blocked consensus at a G20 finance ministers’ summit after opposing language backed by the United States and other members calling for action against “non-market policies” blamed for worsening global trade
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India’s insolvency tribunal has granted Essel Group chair Subhash Chandra a major reprieve, allowing him to settle claims arising from personal guarantees on his group’s borrowings for just Rs65mn ($683,000), representing a
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The US Federal Trade Commission has sued Amazon, alleging that the ecommerce giant manipulated advertising auctions on its platform to increase the prices paid by advertisers, in a case that could further
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UBS has won a significant boost in its battle with the Swiss government after influential lawmakers backed a proposal to substantially reduce the bank’s proposed new capital requirements. Under the compromise plan,
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An unprecedented agreement giving the United States access to a fifth of Venezuela’s oil reserves, and the central role assigned to Venezuelan businessman Alejandro Betancourt, are prompting questions and hesitation among some
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China has completed a high-resolution mapping of the seabed in its claimed waters, including the South China Sea, after more than two decades of work, according to scientists involved in the project.
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