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
Migrant worker outflows from Asia dropped 7% in 2024 to around 6.5 million, marking the first decline since the pandemic year of 2020, according to Nikkei, citing the “Labor Migration in Asia”
More
The eagerly awaited Performance Report of the Inland Revenue Department (IRD) for 2024 has recently been published. It offers some context regarding the IRD’s tax collections. There is room for wider disclosure
More
Canadian authorities have executed the largest digital asset seizure in the country’s history, confiscating over CAD 56 million (approximately US$40 million) from the cryptocurrency exchange TradeOgre. The action marks the first time
More
Gautam Adani’s fortune has soared by $13 billion in just two trading sessions, following a partial reprieve from India’s markets regulator that reignited investor confidence in his conglomerate. Shares of the Adani
More
China is pushing to position itself as a custodian of foreign sovereign gold reserves, a move aimed at strengthening its role in the global bullion market and reducing reliance on Western financial
More
Nvidia Corp. announced Monday that it plans to invest up to $100 billion in OpenAI, aiming to build new data centers and infrastructure to support the growing demand for artificial intelligence workloads.
More
Adani Group plans to reduce its debt burden over the next five years and will refrain from tapping international bond markets until at least 2027, according to Chief Financial Officer Jugeshinder Singh,
More
Cryptocurrency markets faced a sharp downturn on Monday after more than $1.5 billion in bullish wagers were liquidated, marking the biggest wave of forced sell-offs since March, according to data cited by
More
Pfizer is reportedly closing in on a potential $7.3 billion takeover of Metsera, an emerging developer of anti-obesity treatments, in what would be the US pharmaceutical giant’s first major acquisition in two
More
Vietnamese authorities are preparing to shut down around 86 million bank accounts after their owners failed to comply with new biometric authentication rules, according to local media reports. The sweeping measure is
More