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
Bank of America Corp. is preparing a shake-up of its senior leadership as it looks to narrow the pool of potential successors to Chief Executive Officer Brian Moynihan, Bloomberg reported, citing people
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Tesla Inc.’s chair, Robyn Denholm, strongly endorsed Elon Musk as the only leader capable of guiding the company’s next phase into artificial intelligence and robotics, while acknowledging that he may not continue
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This is the 3rd article in a series exploring APEC within the current political conjuncture. If the previous articles covered “What is APEC?” and “The Making of Global Value Chains,” this article
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OpenAI and Nvidia Corp. are set to announce a major commitment to invest billions of dollars in UK data center infrastructure during their upcoming visit to the country, Bloomberg reported. The pledges
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At the core of one of the mining sector’s most ambitious deals is a plan to revive Teck Resources Ltd.’s troubled copper operation in Chile’s Atacama Desert and merge it with Anglo
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Updated: Elon Musk has once again secured his position as the world’s richest person after a brief setback on Wednesday when Oracle co-founder Larry Ellison overtook him. Ellison’s net worth skyrocketed by
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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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