Lithium giant Albemarle Corp. has walked away from its A$6.6 billion ($4.2 billion) takeover of Liontown Resources Ltd., after Australia’s richest woman built up a blocking minority and effectively scuppered one of the largest battery-metals deals to date.
With the recent detentions and arrests of star investors and top bank executives, President Xi Jinping’s crackdown on corruption in China’s finance industry shows no signs of letting up after it kicked off two years ago.
Germany won’t escape a second recession this year as the economy long seen as Europe’s motor limps through persisting industrial weakness, according to forecasters.
Singapore private home sales fell for the second straight month to their lowest level this year amid a lack of major new projects in the market.
Egyptian billionaire Naguib Sawiris, who has forged a fortune in telecom and gold, is eyeing an investment in Barrick Gold Corp.’s $7 billion Reko Diq copper-gold project as he looks to expand his business in Pakistan.
Italian Premier Giorgia Meloni’s deficit-laden budget is entering its final phase with the unveiling of tax cuts, measures for families, and also how to pay for them.
The European Central Bank won’t lower interest rates until September 2024, according to a new poll of economists — suggesting the message from policymakers that cuts won’t come soon is sinking in.
South Korea’s financial watchdog is proposing the imposition of record fines on two global investment banks for “routinely and intentionally” engaging in naked short-selling, which is considered illegal in the nation.
An Indian navigation company’s stock, which was favored by Mark Mobius, has doubled in about six months as its mapping service grows more popular in the country, pitting it against Alphabet Inc.’s Google Maps. Market watchers are now split on whether the rally will continue.
A 35-year-old business leader from a wealthy fruit-exporting dynasty, Daniel Noboa, will be Ecuador’s next president after winning Sunday’s election pledging to restore order to a nation torn by violence.
