Sri Lanka is moving to establish a National Trade Negotiation Committee to prepare the groundwork for prospective Free Trade Agreement (FTA) negotiations, with preliminary activities potentially beginning in January, the Ministry of
Kuwait Petroleum Corp. (KPC) has enlisted JPMorgan Chase & Co. to advise on a potential leasing deal involving part of its pipeline network, according to people familiar with the matter. The state-run
More
OpenAI has become the world’s most valuable startup after completing a secondary share sale that values the company at $500 billion, eclipsing Elon Musk’s SpaceX. The deal, first reported by Bloomberg, highlights
More
Australia’s rapidly expanding superannuation sector could exacerbate financial stress during a severe market disruption, the Reserve Bank of Australia (RBA) warned in its latest Financial Stability Review, Bloomberg reports. Superannuation funds, the
More
Indonesia’s central bank is facing heightened pressure from the government as finance minister Purbaya Yudhi Sadewa signals he does not support Bank Indonesia’s independence, fueling investor concerns about fiscal dominance and market
More
After years of being spurned by major banks, former President Donald Trump’s family wealth has found a new home at Citigroup Inc., with his son Eric Trump establishing a trust at the
More
JPMorgan Chase & Co. has raised its price target for Alibaba Group Holding Ltd.’s Hong Kong-listed shares by nearly 45%, setting the highest target among analysts tracked by Bloomberg. The new target
More
Meta, the owner of Facebook, Instagram, and WhatsApp, will begin using conversations people have with its chatbots to personalise advertising and content across its apps, signaling a major push to monetise artificial
More
Gold prices extended a four-day rally on Wednesday, approaching record highs, as investors weighed the risk of a potential U.S. government shutdown, which could bolster demand for haven assets. The surge has
More
Hai Robotics, a global leader in intelligent warehouse automation systems, has announced the appointment of Thomas Gwee as its new Regional Head for Australia and New Zealand (ANZ), as the company accelerates
More
Global investors are rapidly retreating from Indian equities, potentially driving the largest foreign outflows in history this year, according to data compiled by Bloomberg. Net foreign investment in Indian shares has already
More
Artificial intelligence and cloud startup Vercel has raised $300 million in a new funding round led by Accel and Singapore’s sovereign wealth fund GIC Pte, boosting its valuation to $9.3 billion, the
More
HSBC faces a period of uncertainty as Mark Tucker prepares to step down as chair on Tuesday, ending an eight-year tenure at Europe’s largest lender. The departure leaves the bank without a
More
China’s manufacturing sector showed slight improvement in September, but the broader economy faces ongoing challenges, marking a sixth consecutive month of contraction—the longest slump since 2019, Bloomberg reports. The National Bureau of
More The $55 billion take-private of Electronic Arts Inc. has already set records, including being called the largest leveraged buyout (LBO) ever, according to market sources. Central to the deal is JPMorgan Chase
More
by Our Economic Affairs Editor Sri Lanka’s economy is set to expand by 3.9% in 2025, maintaining the momentum of recovery driven by remittances, tourism, and a rebound in domestic demand. According
More