South Korea is extending trading hours on its main stock exchange, breaking with established norms across major Asian markets as it seeks to attract sustained participation from global investors and move towards
Capital Group, the world’s largest active-only money manager, is stepping into a more high-profile phase, launching a strategic push to expand its private-market offerings and attract retail investors, Bloomberg reports. The $3.3
More
Michael Dell, the founder of Dell Technologies Inc., and his wife, Susan, will donate $6.25 billion to help fund so-called “Trump accounts,” an initiative created earlier this year under legislation backed by
More
Binance Holdings Ltd. has appointed its co-founder Yi He as co-chief executive officer alongside Richard Teng, the company announced Wednesday in a post on X. The move marks a significant leadership shift
More
China has sentenced Li Gang, a former senior anti-corruption inspector, to 15 years in prison for accepting more than 102 million yuan ($14.44 million) in bribes, state broadcaster CCTV reported on Wednesday.
More
HSBC Holdings has appointed interim chairman Brendan Nelson to the role on a permanent basis, marking an unexpected conclusion to the bank’s seven-month search for a successor to former chair Mark Tucker.
More
Saudi Arabia plans to sustain elevated government spending and active borrowing over the coming years as it presses ahead with its economic diversification agenda, even as lower oil prices strain public finances.
More
The world’s biggest hedge funds are obtaining “substantially higher” leverage in bond markets than their smaller competitors, thanks to access to near-zero haircuts on repo transactions provided by major dealers, the Bank
More
Global economic growth is set to remain sluggish over the next two years as trade tensions, geopolitical uncertainty and limited investment—outside of artificial intelligence—continue to weigh on the world economy, according to
More
A sanctioned Russian-Israeli billionaire is suing the British government in a high-stakes international arbitration case, challenging measures imposed on him after Russia’s full-scale invasion of Ukraine. Mikhail Fridman, co-founder of Alfa-Bank and
More
In a bright glass-walled laboratory in Copenhagen, Zoran Gojkovic lifts a glowing red liquid to the light with the reverence of a sommelier handling a rare Burgundy. The drink, called Rubedo, radiates
More
The head of the UK’s Office for Budget Responsibility resigned on Monday after the fiscal watchdog accidentally published its full analysis of Chancellor Rachel Reeves’ budget moments before she was due to
More
India’s current account deficit widened sharply in the July–September quarter after US President Donald Trump’s 50% tariff on Indian goods weakened export performance. The deficit rose to $12.3 billion, or 1.3% of
More
Airbus fleets began returning to normal operations on Monday after the European planemaker accelerated a global software update affecting roughly half of its A320-family jets. The recall, prompted by a vulnerability to
More
Cryptocurrency prices fell sharply on Monday, with Bitcoin sliding as much as 6% and Ether dropping more than 7%, adding momentum to a selloff that has gripped digital assets for weeks. According
More
Two of China’s largest private property data agencies failed to release their monthly home sales figures for November, raising fresh questions about the outlook for the country’s real estate sector, Bloomberg reported.
More