China’s securities regulator and its industry body are moving to close compensation and integrity loopholes across the brokerage industry, extending anti-corruption oversight to overseas operations for the first time as Beijing seeks
BYD Co., the world’s largest electric-vehicle (EV) maker, reported a sharp decline in third-quarter profit as mounting domestic competition and heightened industry scrutiny weigh on its sales outlook. The Shenzhen-based automaker said
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The largest technology companies are doubling down on an AI-powered future, investing heavily in massive data center complexes filled with high-performance servers. Alphabet Inc., Meta Platforms Inc., and Microsoft Corp. collectively spent
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Masayoshi Son’s bold bets on artificial intelligence have propelled him past Uniqlo billionaire Tadashi Yanai to become Japan’s richest person, Bloomberg reports. Son’s net worth surged 248% this year to $55.1 billion,
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California Public Employees’ Retirement System (Calpers), the largest public pension plan in the United States, plans to vote against Elon Musk’s $1 trillion compensation agreement at Tesla Inc., Bloomberg reports. The pension
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Toyota Motor Corp. has no plans to increase its proposed ¥4.7 trillion ($31 billion) buyout of Toyota Industries Corp., CEO Koji Sato said, despite widespread criticism that the tender offer undervalues the
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Former Sri Lankan Finance Minister Ravi Karunanayake has raised serious concerns about the government’s planned purchase of 1,775 double cab vehicles, claiming the acquisition is being conducted outside the prescribed international tender
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Boeing (BA.N) announced on Wednesday that the first delivery of its long-delayed 777X jet has been pushed to 2027, Reuters reports, and the company recorded a nearly $5 billion charge related to
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Saudi Arabia is preparing to redirect its $925 billion sovereign wealth fund away from the large-scale real estate megaprojects that have dominated its development agenda for the past decade, Reuters reports. According
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ChatGPT said: The Trump family has turned cryptocurrency into a gold mine. According to a Reuters investigation, the family of U.S. President Donald J. Trump earned more than $800 million in the
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JPMorgan Chase has appointed long-time executive Jay Horine to lead its ambitious $1.5 trillion investment fund aimed at bolstering U.S. national security industries, according to an internal memo seen by Reuters. The
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India’s initial public offering market is experiencing an unprecedented surge, driven largely by domestic investors, according to data compiled by Bloomberg. LG Electronics India Ltd.’s $1.3 billion IPO on October 7 sold
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OpenAI has finalised a major restructuring with its external shareholder Microsoft that values the ChatGPT maker at $500 billion and clears the way for it to operate as a for-profit business, The
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PricewaterhouseCoopers (PwC) has cut the size of its global workforce for the first time since 2010 and scrapped a five-year hiring target, after investing more than $1 billion last year to accelerate
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India’s state-run refiners are exploring whether they can continue sourcing discounted Russian oil by turning to smaller suppliers, after the U.S. blacklisted major energy firms Rosneft PJSC and Lukoil PJSC last week,
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HSBC Holdings Plc reported third-quarter revenue that surpassed analyst expectations, driven by strong performance in its wealth management businesses, even as a $1.1 billion provision tied to the Bernard Madoff fraud cases
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