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,
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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Oracle’s stock surged by 27% in extended trading on Tuesday after the software giant outlined an ambitious expansion plan for its cloud infrastructure, despite narrowly missing quarterly earnings and revenue estimates. During
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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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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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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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In Dubai, fortunes are being created at an unprecedented pace as new talent and capital flow into the city’s vibrant economy. Yet, according to Bloomberg, many of the largest individual wealth gains
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When an Abu Dhabi-based artificial intelligence company sought access to one of Europe’s largest data centres earlier this year, it turned to an unlikely intermediary—a former child actor turned investment banker. Zachary
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Bangladesh’s central bank is working to raise its foreign-exchange reserves to around $40 billion by the end of the fiscal year in June to stabilize the exchange rate, Governor Ahsan H. Mansur
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The Trump administration has revoked Taiwan Semiconductor Manufacturing Company’s (TSMC) authorisation to export American chipmaking tools to China without a licence, in the latest move to curb Beijing’s access to advanced technology,
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US technology shares fell sharply on Friday as disappointing earnings from a major chipmaker heightened investor worries about slowing growth in the artificial intelligence sector. The Nasdaq Composite dropped 1.2% in early-afternoon
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Temasek Holdings Pte, Singapore’s state-owned investment firm, will reorganize its S$434 billion ($338 billion) portfolio from April 1 as part of a major overhaul aimed at sharpening its strategic focus, Bloomberg News
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Didi Global Inc., China’s leading ride-hailing platform, has agreed to pay $740 million to settle a shareholder lawsuit related to its tumultuous 2021 initial public offering (IPO), Bloomberg News reports. The settlement
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Riyadh’s King Abdullah Financial District (KAFD), long criticized as a gleaming but empty skyline, is finally coming to life as Saudi Arabia pushes ahead with ambitious plans to become a regional financial
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Lynas Rare Earths Ltd., the first commercial producer of heavy rare earths outside China, announced plans to raise A$750 million ($488 million) through an equity capital raising, comprising an institutional placement and
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