Bloomberg Business

Foreign investors were net buyers of Japanese equity for a sixth-straight week, helping to fuel one of the world’s best rallies of 2023.

Billionaire Anil Agarwal’s Vedanta Group is looking to free up cash and raise funds, possibly via a loan, as its $500 million junk-rated bond matures at the end of this month.

India is considering refilling its strategic hoard of crude oil, joining the US as the world’s top guzzler begins to rebuild its depleted stockpiles after a period of drawdown.

Sony Group Corp. is weighing a partial spinoff and separate listing for its financial unit in two to three years, a major decision aimed at bankrolling an investment push in gaming and electronics.

Toyota Motor Corp.’s top scientist warned that transitioning to electric vehicles too quickly could lead drivers to hold on to old gas guzzlers and called for hybrids to be given a longer leash ahead of a Group of Seven leaders summit in Japan.

The Abu Dhabi Investment Authority hired one of Manulife Financial Corp.’s top executives to lead its Americas real estate unit as the $1 trillion sovereign wealth fund seeks to expand its property portfolio in the US.

Rishi Sunak announced £18 billion ($22.5 billion) of new investment by Japanese businesses in the UK, mostly in clean energy, as well as a bilateral “semiconductor partnership” aimed at boosting supply chain resilience amid fears over Chinese interference in Taiwan.

Ekuiti Nasional Bhd., Malaysia’s state-owned private equity firm, is exploring selling shipping company Orkim Sdn Bhd. and is seeking as much 1.5 billion ringgit ($331 million), according to people with knowledge of the matter.

Turkey’s central bank is moving in full force to defend the lira ahead of the runoff presidential election in less than two weeks.

Chinese ambassador Li Hui met with Ukrainian President Volodymyr Zelenskiy this week, as Beijing kicked off a European tour aimed at brokering peace.