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
Mohamed Alabbar, the billionaire mastermind behind Dubai Mall and the Burj Khalifa, is reshaping the global business landscape with an ambitious expansion that stretches far beyond the UAE. Known for his role
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Deloitte has agreed to pay $34 million to investors who blamed the auditor for losses linked to the collapse of the South Carolina utility Scana’s nuclear reactor project, marking a rare securities
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Institutional Shareholder Services (ISS), a leading proxy advisory firm, has recommended that Tesla shareholders vote against Elon Musk’s proposed $1 trillion pay package, citing concerns over its “striking magnitude” and the absence
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Standard & Poor’s (S&P) on Friday downgraded France’s sovereign credit rating from AA- to A+, citing expectations that public debt will rise faster than previously projected. The move, the third downgrade by
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A Manhattan jury has ordered BNP Paribas to pay more than $20 million in damages to three Sudanese refugees, in a landmark case examining the bank’s role in facilitating the financial operations
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Vladimir Putin’s investment envoy has publicly called on Elon Musk to partner with Russia to build an undersea tunnel connecting Alaska and Russia, a day after U.S. President Donald Trump floated the
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Gold may reach unprecedented levels of $10,000 per ounce as it gains renewed popularity as a safe haven, JPMorgan CEO Jamie Dimon predicted this week. The precious metal, traditionally seen as a
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Global banks are scrambling to stake their claim in Taiwan’s rapidly expanding $8 trillion personal wealth market as the government eases regulatory restrictions to foster a domestic asset-management hub. According to Bloomberg,
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Malaysia’s economy unexpectedly accelerated in the third quarter of 2025, with gross domestic product rising 5.2% year-on-year, according to advance estimates from the Department of Statistics released Friday. The pace of growth
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UBS Group AG is intensifying checks on the origins of client funds in its rapidly growing Asian wealth hubs, prompting some customers to provide more detailed disclosures. The move comes as the
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HSBC Holdings Plc has confirmed that it is not exposed to the fallout from the bankruptcy of First Brands Group, a scandal-hit auto-parts supplier whose collapse has left major Wall Street firms
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A simmering rivalry between Wall Street’s biggest banks and the fast-growing private credit industry boiled over this week after a pair of credit market blowups triggered public sparring between JPMorgan Chase &
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Russian liquefied natural gas shipments targeted by UK sanctions are continuing to enter China, as Moscow and Beijing appear prepared to circumvent London’s latest restrictions, Bloomberg reported. On Wednesday, the UK imposed
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On the outskirts of Manila lies a largely empty stretch of land that became the center of a financial whirlwind when Manuel Villar, the Philippines’ richest man, moved it between companies in
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Australian unemployment rose more than anticipated in September, while job growth lagged expectations, signaling a loosening labor market and heightening expectations that the Reserve Bank of Australia may cut interest rates as
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