UBS has suspended withdrawals from a €400mn European real estate fund for up to three years, in a dramatic move that underscores growing investor anxiety over global economic instability linked to escalating
Japanese Finance Minister Satsuki Katayama is expected to announce on Monday that Japan and the United States have undertaken joint intervention in the foreign exchange market to halt the yen’s decline to
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Citadel’s purchase of most of hedge fund Situational Awareness’ public equity portfolio has helped calm investor concerns after a sharp semiconductor market downturn erased around $3 trillion in value. The deal, first
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FIFA has withdrawn plans to establish a $20 billion commercial rights company and sell a 20 per cent stake to private investors following widespread opposition from football governing bodies and senior officials.
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The world’s largest technology companies have invested more than $1.1 trillion in capital expenditure since the emergence of the artificial intelligence boom in 2023, reflecting an extraordinary transformation in how the sector
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While Western collector car cultures have spent over a century maturing into multi-billion-dollar industries, China’s story is just getting started. As the world’s largest auto market shifts from raw volume growth to
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Apple has briefly become the second company in history to achieve a market capitalisation of $5 trillion, marking another milestone for the technology giant as it reclaimed its position as the world’s
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Elon Musk has lost his status as the world’s first trillionaire after a sharp decline in the value of his technology holdings erased around US$130 billion in paper wealth over five trading
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Apple’s incoming chief executive, John Ternus, has pledged to build on the company’s growing momentum in the entertainment sector when he takes over leadership of the iPhone maker in September, signalling continuity
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A former JPMorgan Chase banker has expanded his lawsuit against the United States’ largest bank, filing an amended complaint that adds new defendants and fresh allegations of racial discrimination, sexual coercion and
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by Our Correspondent in Colombo As the clock counts down towards the scheduled expiry of South Asia Gateway Terminals’ (SAGT) 30-year concession in 2029, an unexpected development has reignited debate over the
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