Almost 80% of companies listing in Stockholm since 2020 are trading below their initial public offering price, pummeled by a combination of economic headwinds and market volatility. That’s undermining prospects for a revival in new listings any time soon.
Russia’s military has changed the way it fights 15 months into its disastrous invasion of Ukraine and poses a significant threat as Kyiv prepares a major counteroffensive, a study released Friday said.
Japanese stocks extended gains, with the Nikkei 225 Stock Average reaching its highest in nearly 33 years, as optimism the US will avoid default added to bullish sentiment that has fueled one of the world’s best equity rallies of 2023.
The European Central Bank is stepping up scrutiny of lenders’ liquidity reserves and may communicate stricter requirements to individual firms later this year, according to people with knowledge of the matter.
Carlos Manuel De Sao Vicente, an Angolan businessman convicted of money laundering, failed in his bid in Singapore to get his funds released from the private banking arm of Oversea-Chinese Banking Corp.
China’s yuan is depreciating at the fastest pace in three months and the central bank, for now, isn’t standing in the way.
Investors in Chinese assets are showing zero tolerance for negative news and setting a high bar for the good.
Alibaba Group Holding Ltd.’s surprise move to fully spin out a potentially transformative $12 billion cloud business is stirring speculation about whether the Chinese e-commerce leader bowed to market or political realities.
Hong Kong’s High Court barred media mogul Jimmy Lai from using a UK-based lawyer to represent him in his upcoming trial as the city clamps down on foreign participation in national security cases.
The Reserve Bank of India board may decide to nearly double its dividend to the government from official estimates due to revaluation gains and profits from selling dollars, which could help bridge the fiscal deficit.
