Indonesian President Prabowo Subianto has sacked finance minister Purbaya Yudhi Sadewa and appointed his deputy, Suahasil Nazara, as his replacement, the president’s office said on Monday, Reuters reported. Suahasil, who has served
High-frequency trading firms in India are offering unprecedented salaries for entry-level roles, even as regulators increase scrutiny over the country’s equity derivatives market, Bloomberg reports. Amsterdam-based IMC Trading BV has offered interns
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Zijin Gold International Co., a unit of China’s top mining company, is seeking to raise HK$25 billion ($3.2 billion) through an initial public offering in Hong Kong, Bloomberg reports. The IPO is
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Indian refiners have no immediate plans to reduce imports of Russian crude, even as New Delhi resumes trade negotiations with Washington and both sides push for a deal, Bloomberg reports. Purchases are
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Abu Dhabi’s state-owned oil company, Adnoc, has abandoned its $18.7 billion bid for Santos, one of Australia’s largest energy producers, after negotiations stalled, the Financial Times reported. The deal, first announced in
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Singapore’s office investment market is facing a rare slowdown, with last year marking the slowest pace since the onset of Covid-19 in 2020. According to data compiled by MSCI Inc., office transactions
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Huawei Technologies Co. has introduced its latest solution to enhance computing power by bundling large numbers of AI chips together, aiming to compete with Nvidia Corp.’s industry-leading technology. The Shenzhen-based firm announced
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The United Kingdom has secured a record £150 billion in inward investment from American companies as part of U.S. President Donald Trump’s state visit, Times UK reports. Leading the commitments, investment group
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Prosus NV has more than doubled its stake in Indian home services startup Urban Company Ltd. ahead of the firm’s public listing, making it one of the company’s largest shareholders, Bloomberg reported.
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Chinese technology stocks listed in Hong Kong climbed to their highest level in nearly four years on Wednesday, as optimism over artificial intelligence fueled investor demand, Bloomberg reported. The Hang Seng Tech
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A leading Hong Kong real estate industry association has called on the government to create a HK$20 billion ($2.6 billion) fund to invest in distressed properties, warning that the city’s worsening property
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Japan’s latest 20-year government bond auction on Wednesday attracted the strongest demand in four years, as higher yields enticed investors even amid political turmoil, Bloomberg reported. The auction drew a bid-to-cover ratio
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The Maldives moved a step closer today to embedding its small and medium enterprises into the global digital economy, with more than 450 entrepreneurs and business stakeholders joining a webinar organized jointly
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The global oil and gas sector is being forced to spend nearly half a trillion dollars a year simply to keep production steady, as fields decline more rapidly than previously expected, the
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Millions of personal records belonging to customers of luxury fashion brands Gucci, Balenciaga, Brioni, and Alexander McQueen have been stolen in a series of cyberattacks, according to reports. The breaches were allegedly
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Alphabet Inc., the parent company of Google, has crossed the $3 trillion market capitalization milestone for the first time, cementing its position among the world’s most valuable companies. The achievement follows a
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