US Export-Import Bank leaders voted Thursday to lend $99.7 million to expand an oil refinery in Indonesia, bucking President Joe Biden’s promise to stop steering public money to most foreign fossil fuel projects.
Masayoshi Son is now personally on the hook for about $5.2 billion on side deals he set up at SoftBank Group Corp. to boost his compensation, after the Vision Fund venture capital arm capped a year of record losses.
A Chinese property developer whose default in 2021 has since fed into a broader industry rout is facing resistance to its restructuring plan from a major shareholder.
Global index manager MSCI Inc. will exclude two Adani Group firms from its India gauge, potentially dealing a blow to their stocks that are trying to recover from the rout triggered by a short-seller report earlier this year.
Pakistan’s financial platform Abhi has raised the first-ever Sukuk bond for a fintech firm in the region, opening a new funding line for startups that have seen a slowdown in venture capital.
SoftBank Group Corp. shares dropped after its Vision Fund investment arm lost money again in the latest quarter ended, despite a rebound in tech stocks.
Honda Motor Co. shares rose the most in seven weeks after the Japanese automaker forecast profit for the current fiscal year that slightly exceeded analysts’ projections and a buy back of as much as ¥200 billion ($1.5 billion) of its own shares.
New Zealand is seeing a record inflow of migrants as it seeks to alleviate worker shortages that are contributing to inflation.
A victim of Jeffrey Epstein suing JPMorgan Chase & Co. for benefiting from his sex trafficking operation lost a bid to have the bank’s lawyers disqualified from the case.
Complaints about how cloud service providers try to prevent customers from switching to rivals were the focus of a virtual workshop convened by the US Federal Trade Commission on Thursday.
