BROOKFIELD Asset Management Inc plans to expand into Saudi Arabia, joining BlackRock Inc and global banks to tap investment opportunities in the biggest Gulf economy.
THE US dollar rose on Thursday (Nov 17) as investors digested mixed US economic data, while the British pound fell as the UK government unveiled its latest budget update.
CHINA’S securities regulator has appointed a new head for its department leading talks aimed at resolving a lengthy US-China dispute over company auditing and also has oversight of Chinese companies’ offshore listings, two people told Reuters.
Five of the most-hyped technology initial public offerings (IPO) in India over the past 16 months have floundered since listing, shedding more than US$18 billion in value.
INDONESIA’S central bank raised its key interest rate by 50 basis points for a third consecutive monthly meeting as it sought to rein in inflation expectations while supporting the rupiah.
THE Philippine central bank delivered its second 75 basis-point interest-rate increase of this year, as it sought to support the peso and cool inflation by matching the pace of hikes by the Federal Reserve.
A CONSORTIUM led by Perennial Holdings has secured a S$3 billion green loan to finance the redevelopment of 8 Shenton Way.
A unit of Japan’s SoftBank Group is selling a 4.5 per cent stake in the parent of India’s leading digital payments brand Paytm, seeking to pare back its holding in a company whose share has tumbled 72 per cent since its initial public offering (IPO) last year.
A world-beating rally across Asian markets is starting to look precarious as some analysts caution China reopening euphoria will give way to the sober reality of a looming global recession.
EUROPEAN Central Bank (ECB) policymakers may slow down interest-rate hiking with only a 50 basis-point increase next month, according to people with knowledge of the matter.
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