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
Colombo Dockyard PLC (CDPLC) has signed a major shipbuilding contract with Orange Marine of France to construct two state-of-the-art cable laying and repair vessels, marking the largest shipbuilding contract in the company’s
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Investment bankers are proposing a valuation of up to $170 billion for Jio Platforms Ltd., according to people familiar with the matter, ahead of what could become one of India’s largest initial
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Shein Group Ltd. is expecting a net income of $2 billion in 2025, nearly double the $1.1 billion it reported last year, buoyed by higher profit margins from price increases and cost-cutting
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Boeing Co. will not face criminal charges over two fatal 737 Max crashes after a federal judge in Texas approved a settlement requiring the aircraft manufacturer to pay $1.1 billion in fines
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Tesla shareholders are set to decide on Thursday whether to approve a proposed pay package for Chief Executive Elon Musk that could reach an unprecedented $878 billion, a sum that would make
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China’s benchmark thermal coal prices have climbed to their highest level this year, buoyed by a mix of seasonal demand, stricter safety inspections, and renewed confidence in the nation’s economic outlook following
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Japan’s ruling Liberal Democratic Party (LDP) is preparing to secure around ¥1 trillion ($6.5 billion) annually to strengthen the country’s semiconductor and artificial intelligence sectors, according to Yoshihiro Seki, a key lawmaker
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JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon said the bank’s headcount is likely to remain steady or even increase as artificial intelligence becomes more deeply integrated into its operations, countering
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Marks & Spencer has revealed the full financial damage caused by a major cyberattack that crippled its operations earlier this year, sending pre-tax profit plunging 99 per cent and stalling recovery in
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The Norway Government Pension Fund Global, which manages £1.47 trillion in assets, has announced it will vote against Elon Musk’s proposed Tesla compensation package that could award the company’s CEO shares worth
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Apple Inc. is preparing a major shift in strategy by developing a budget-friendly Mac laptop aimed at luring customers away from Chromebooks and entry-level Windows PCs. Code-named J700, the new device is
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Some 20 kilometers off the coast of Tianjin, a towering offshore platform rises from the Bohai Sea, symbolizing China’s $468 billion drive to boost domestic oil and gas output. The Caofeidian 11-1
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The global selloff in semiconductor stocks accelerated this week as investors fretted over stretched valuations among some of the artificial intelligence sector’s biggest winners. South Korea’s Kospi fell as much as 6.2%
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by Our Economic Affairs Editor The story of the Ambuluwawa Religious and Biodiversity Complex in Gampola is far more than an account of architecture or conservation. It is the chronicle of how
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Starbucks has agreed to sell a majority stake in its China operations to Boyu Capital, a Chinese private equity firm, ending months of speculation about its search for a domestic partner in
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