Oil prices fell on Thursday as investors assessed the risk of supply disruptions following attacks on ships in the Strait of Hormuz and considered the outlook for global crude supplies outlined in
Singapore’s financial regulator has imposed a total of US$21.5 million (S$27.45 million) in penalties on nine banks and financial institutions, including global giants UBS and Citi, for compliance failures tied to a
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India’s stock market regulator, the Securities and Exchange Board of India (SEBI), has imposed a temporary ban on New York-based trading giant Jane Street, alleging the firm engaged in a “sinister scheme”
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European Commission President Ursula von der Leyen is facing heightened pressure ahead of a critical no-confidence vote, as the EU’s independent watchdog has issued a stark warning over her deregulation agenda. In
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The head of Hitachi Energy, the world’s largest transformer manufacturer, has warned that governments must urgently regulate the electricity consumption of artificial intelligence data centres to prevent grid instability and blackouts. In
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As Germany ramps up efforts to rebuild its armed forces in response to growing geopolitical threats, the country’s business leaders are raising red flags over the impact of military recruitment on an
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The $33 billion take-private transaction involving Toyota Industries, a key supplier to Toyota Motor, has come under sharp criticism from a leading corporate governance group, raising fresh concerns over Japan’s efforts to
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China has sharply criticized the recent US-Vietnam trade agreement, expressing fears that President Donald Trump is using his so-called “liberation day” tariff negotiations with third countries to restrain China’s export-driven economy. The
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Hilton (NYSE: HLT) has been named the Best Workplace in Sri Lanka™ 2025 by Great Place to Work®, marking the first time the company has secured the top position in the large-sized
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The Bank for International Settlements (BIS) has issued a stark warning about the fragility of the modern global financial system, emphasizing that despite significant changes since the 2007–09 financial crisis, the core
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Deutsche Bank has revealed that it could face a significantly larger capital impact than previously expected under the upcoming Basel IV banking reforms, which overhaul how lenders calculate risk across their portfolios.
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Sir Pascal Soriot, chief executive of AstraZeneca, has expressed a private desire to move the company’s primary stock market listing from London to the United States, according to sources cited by The
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KPMG stepped down as auditor of Prax Group, the parent company of one of the UK’s largest oil refineries, in the year leading up to its sudden insolvency, according to a report
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Liquidators pursuing funds looted from Malaysia’s scandal-ridden 1MDB sovereign wealth fund are suing UK-based banking giant Standard Chartered for more than $2.7 billion, alleging the bank played a central role in one
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Two of the Middle East’s most powerful energy companies, Saudi Aramco and the Abu Dhabi National Oil Company (Adnoc), are hitting the brakes on their multibillion-dollar acquisition strategies as falling oil prices
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Hong Kong’s stock market is outpacing mainland China’s by its widest margin since the global financial crisis, highlighting how weak economic recovery and ongoing U.S.-China trade tensions are dampening investor confidence on
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