Chinese automaker Zhejiang Geely Holding Group Co. said it plans to confirm the specific size of its investment in Malaysia at a later date, after Prime Minister Anwar Ibrahim touted a $10 billion boost from the Chinese auto giant on Tuesday.
Former Citadel traders Jonas Diedrich and Dave Sutton have exceeded the capital raise target for their hedge fund, making it the biggest startup of the year.
British households and businesses are bracing for UK inflation figures on Wednesday that are expected to keep the pressure on the Bank of England to raise interest rates again.
Saudi Aramco’s venture capital arm has invested in Tenderd, a United Arab Emirates-based firm backed by Peter Thiel, which uses AI-generated insights to monitor and help reduce emissions.
The euro was headed for its longest winning streak against the dollar since 2004 as investors bet the Federal Reserve is close to ending its campaign of interest-rate hikes.
A conglomerate owned by one of Argentina’s richest families with oil fortunes is making its first major investment into the global clean-energy transition.
Singapore has replaced Japan for having the world’s most powerful passport, allowing visa-free entry to 192 global destinations, according to the latest Henley Passport Index.
Foxconn Technology Group has bought $33 million worth of equipment from an Apple Inc. unit for its operations in India over the past year, signaling the key iPhone assembler’s accelerating expansion in the country.
Treasury Secretary Janet Yellen said a cooling — but not faltering — labor market is playing a key role in helping to slow US inflation, among a raft of factors imposing disinflationary pressures.
Russia’s flagship Urals crude slumped back below a price cap that Group of Seven countries imposed in an attempt to cut Moscow’s access to petrodollars to fund its war in Ukraine.
