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
Tata Capital Ltd., the financial services arm of the Tata Group, is preparing for an initial public offering (IPO) in the first half of October, Bloomberg reported, after requesting a short extension
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Alibaba Group Holding Ltd. is seeking to raise $3.17 billion through an offering of zero-coupon convertible notes, Bloomberg reported, marking the largest deal of the year. The notes, due in 2032, will
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Billionaire Gautam Adani’s attempts to resolve US fraud charges against him have stalled, prolonging a regulatory overhang that has hindered the Adani Group’s global expansion, Bloomberg reported, citing people familiar with the
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China is preparing to address a massive backlog of unpaid bills owed by local governments to the private sector, estimated by some sources to exceed $1 trillion, according to people familiar with
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Danish pharmaceutical giant Novo Nordisk revealed plans to slash 11% of its workforce and lower its profit forecast for the year, as it faces intensifying competition from US rival Eli Lilly in
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President Donald Trump has proposed imposing sweeping new tariffs on India and China as a means to pressure Russian President Vladimir Putin into negotiating an end to the war in Ukraine —
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China’s consumer prices fell below zero for the first time in three months, while factory deflation showed tentative signs of easing, as the government intensifies efforts to rein in excessive competition and
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Mexico is preparing to raise tariffs on goods imported from countries that are not covered by free trade agreements, while ensuring that the duties remain compliant with World Trade Organization (WTO) rules,
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Blackstone Inc. has expanded its private credit facility for file-sharing platform Dropbox Inc. to $2.7 billion, just nine months after the initial deal, as part of the company’s efforts to strengthen its
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Global investment in clean hydrogen has surged past $110 billion, defying growing doubts about the fuel’s future following a wave of project cancellations, according to a report highlighted by the Financial Times.
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Anglo American Plc is in advanced talks to acquire Canada’s Teck Resources Ltd., in what could become the largest mining deal in more than a decade, just over a year after Anglo
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Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF), plans to roll out a new long-term strategy aimed at boosting returns, supporting the local economy, and advancing the kingdom’s diversification away
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India’s automakers have emerged as the primary beneficiaries of the government’s recent decision to slash consumption taxes, a move expected to lift demand and improve profit prospects, Bloomberg reports. Since Prime Minister
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Indonesian financial markets are expected to face renewed volatility following the unexpected removal of Finance Minister Sri Mulyani Indrawati, raising concerns about potential central bank intervention, Bloomberg reports. The rupiah is set
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As Russia’s President Vladimir Putin celebrated new diplomatic victories this week—strengthening ties with India’s Prime Minister Narendra Modi, securing a “no limits” partnership with China’s Xi Jinping, and finalizing a long-anticipated Moscow-Beijing
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