Billionaire Gautam Adani’s conglomerate plans to tap India’s bond market to raise up to 150 billion rupees ($1.8 billion) this financial year as it gears up local-currency debt sales since damaging allegations were made by a short seller earlier this year, according to people familiar with the matter.
Maruti Suzuki India Ltd. reported first-quarter profit in line with the estimate as easing semiconductor crisis boosted sales. The nation’s biggest carmaker announced buying its Japanese parent’s plant in the western state of Gujarat.
Nigerian President Bola Tinubu, weeks after he suspended the nation’s central bank governor, appointed a special investigator to examine the monetary authority’s operations.
Pakistan’s central bank kept its benchmark rate unchanged despite the International Monetary Fund calling for further tightening to reduce price pressures.
Emirates NBD PJSC appointed Hitesh Asarpota as chief executive officer of its investment banking division, replacing Mohammad Al Bastaki, who will become head of private banking at Dubai’s largest lender.
Myanmar’s military government extended the state of emergency for another six months until January 31, dashing hopes that a general election will be held this year.
Volatility is rising in UK bond markets ahead of a knife-edge interest-rate decision from the Bank of England.
Investors on Wall Street and beyond are betting that the great tech rally of 2023 has staying power, even as they appear skeptical that the artificial-intelligence era will live up to the hype.
The burning ship carrying thousands of automobiles was towed Monday to a safer location off the coast of the Netherlands.
Amazon.com Inc. will double the number of US same-day delivery facilities in the “coming years,” the company announced Monday, an investment executives are counting on to maintain Amazon’s lead in the $1.4 trillion online shopping market.
