Apple should ultimately bear responsibility for losses arising from more than 700 unauthorised credit card transactions in Hong Kong, Election Committee sector legislator Johnny Ng Kit-chong has said, as questions mount over
HSBC faces a period of uncertainty as Mark Tucker prepares to step down as chair on Tuesday, ending an eight-year tenure at Europe’s largest lender. The departure leaves the bank without a
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China’s manufacturing sector showed slight improvement in September, but the broader economy faces ongoing challenges, marking a sixth consecutive month of contraction—the longest slump since 2019, Bloomberg reports. The National Bureau of
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Chinese tech giant Alibaba Group Holding Ltd. is reportedly in talks to acquire the top 13 floors of One Causeway Bay in Hong Kong in a deal valued at around HK$7 billion
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The $55 billion take-private of Electronic Arts Inc. has already set records, including being called the largest leveraged buyout (LBO) ever, according to market sources. Central to the deal is JPMorgan Chase
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A HK$100 billion ($12.8 billion) urban development plan near Hong Kong International Airport is running into turbulence, with its flagship retail complex struggling to attract tenants and developer New World Development (NWD)
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Developing Asia’s growth is set to slow more than previously expected this year and next, as the region absorbs the fallout from sweeping U.S. tariffs on all trading partners, the Asian Development
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The Ceylon Chamber of Commerce has submitted an extensive set of recommendations to the Government aimed at enhancing the Draft Public-Private Partnership (PPP) Bill, emphasizing the need for investor-friendly reforms that can
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Donald Trump is encountering fresh challenges in his efforts to secure major investment commitments from key Asian allies, as South Korea and Japan signal concerns over the terms of their agreements with
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Australian Retirement Trust (ART), the nation’s second-largest pension fund, is defaulting on a loan used to purchase a U.S. office complex once occupied by Microsoft Corp., underscoring ongoing challenges for global investors
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Tata Capital Ltd. is aiming to raise up to 155 billion rupees ($1.7 billion) in what is poised to be India’s largest initial public offering (IPO) so far this year, according to
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Russia remains the world’s dominant supplier of enriched uranium, providing roughly 40% of global supply, leaving Europe and other nations heavily dependent despite efforts to diversify, according to reporting from Oil Price.
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Europe’s private equity sector is bracing for a potential shake-out as the largest buyout firms aim to raise unprecedented amounts of capital next year, according to market sources and reporting by the
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This week’s US financial support for Argentina has increased speculation that the South American country may seek additional assistance from the International Monetary Fund (IMF), despite already receiving unprecedented sums from the
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Profits at China’s industrial firms rose sharply in August, marking the first increase in four months and signaling that Beijing’s efforts to tackle overcapacity and curb cutthroat competition may be showing results.
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Lufthansa is preparing to unveil several thousand job cuts on Monday during its first company-wide capital markets day in six years, as Europe’s largest airline by sales seeks to reassure investors of
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