Sri Lanka’s trade deficit widened by 69% in the first seven months of 2026, exceeding US$6.5 billion, as a sharp rise in import expenditure far outpaced the modest growth in export earnings,
Japan Exchange Group Inc. (JPX) is considering new measures to curb the rapid rise of listed companies hoarding digital assets, as growing investor losses spark concern over the country’s crypto-driven stock frenzy.
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In one of the most cutthroat corners of global finance, Australia’s block trading market has become a high-stakes battleground where bankers are taking ever-bigger gambles to outmaneuver rivals for lucrative deals. Once
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Asia’s private wealth is expected to soar to an astonishing $99 trillion by 2029, yet a significant number of the region’s wealthiest families are dangerously unprepared for the generational transfer of their
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Billionaire Gautam Adani is preparing to launch one of India’s most ambitious clean energy projects — a multi-billion-dollar battery energy storage system in western India — as part of his group’s broader
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The Philippine peso is hovering near an all-time low as the fallout from a sweeping infrastructure corruption scandal collides with global headwinds, testing the country’s economic credibility. The currency fell to a
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Taiwan’s exports reached an unprecedented US$61.8 billion last month, rising 49.7 percent from a year earlier, as global demand for artificial intelligence (AI) applications and new consumer electronics powered shipments of high-tech
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World Liberty Financial (WLF), a cryptocurrency firm closely associated with US President Donald Trump and his family, has become a central node in a complex financial and political network linking the United
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The Line was conceived as a 500-metre-tall, 170km-long glass-and-steel city designed to house nine million residents along a continuous vertical wall. Central to the project was a “hidden marina” with cruise ships
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OpenAI has asked the Trump administration to broaden a 35% semiconductor-focused tax credit to cover AI data centers, AI server manufacturers, and electrical grid components, according to a letter dated Oct. 27
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About 20 banks, including Sumitomo Mitsui Banking Corp, BNP Paribas, Goldman Sachs, and Mitsubishi UFJ Financial Group, are leading the $18 billion loan for a data center campus in Doña Ana County,
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Tesla shareholders approved Musk’s $1 trillion compensation plan with 75 percent of votes cast at the company’s annual meeting on Thursday, Financial Times reported. If Musk meets the plan’s targets, it could
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The so-called “Magnificent Seven” — Nvidia, Meta Platforms, Microsoft, Amazon, Tesla, Alphabet, and Apple — experienced their worst weekly losses since April, as investors questioned whether the AI boom and record-high valuations
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Sri Lanka’s President and Finance Minister Anura Kumara Dissanayake unveiled the 2026 national budget on Friday, outlining reforms to strengthen economic resilience and uphold the country’s $3 billion International Monetary Fund bailout.
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Shein Group Ltd. is expecting a net income of $2 billion in 2025, nearly double the $1.1 billion it reported last year, buoyed by higher profit margins from price increases and cost-cutting
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Tesla shareholders are set to decide on Thursday whether to approve a proposed pay package for Chief Executive Elon Musk that could reach an unprecedented $878 billion, a sum that would make
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