Hon Hai Precision Industry Co. now expects 2023 sales to fall after previously forecasting flat revenue, sounding a warning about demand for the devices it makes for Apple Inc. and other global firms.
Iran said last week’s deal with the US on the release of prisoners and frozen funds could lead to diplomacy in other areas including its nuclear program.
Economists expect the Swiss National Bank to raise interest rates for a final time in September, even as inflation is seen slowing faster than the central bank has estimated.
Singapore needs to figure out how to better deploy its sizable reserves and leverage its wealthy status by investing more in the region, according to Piyush Gupta, the chief executive officer of the city-state’s largest bank.
China’s banking regulator has set up a task force to examine risks at Zhongzhi Enterprise Group Co., one of the nation’s top private wealth managers, after a unit missed payments on multiple high-yield investment products.
Shanghai police have detained five people for illegal trading of foreign exchange, state media reported Thursday without giving the full name of the suspects or the company they work for, state media reported.
Odey Asset Management is in advanced talks to move Freddie Neave — the portfolio manager of its flagship hedge fund — to Landseer Asset Management UK, as the firm reaches the final stages of a revamp following sexual assault allegations against its founder Crispin Odey.
Dutch Justice Minister Dilan Yesilgoz-Zegerius was named the leader of the VVD party on Monday, a position vacated by outgoing Prime Minister Mark Rutte after the collapse of his government.
The yen touched its weakest in nine months as Japan’s interest-rate gap with the US pushes the currency toward levels that last year saw intervention by authorities in Tokyo.
Shuaa Capital PSC’s main shareholders are in early-stage talks to sell down their stakes in the Dubai-based investment bank, offering potential buyers access to one of the Gulf region’s oldest financial institutions.
