Taiwanese banks have slashed their exposure to China to the lowest level in at least a decade as increasingly fraught ties across the Strait deter lenders from expanding in the world’s second-largest economy.
The European Central Bank’s fight with inflation isn’t over and more action is still required, according to President Christine Lagarde.
A consortium including Elliott Investment Management is in advanced talks to acquire Syneos Health Inc., according to people familiar with the matter.
China picked a little-known local government official as the nation’s top regulator overseeing the $61 trillion financial sector, in a surprise move after President Xi Jinping unveiled the biggest overhaul of the nation’s bureaucracy in decades.
Shares of the Japanese trading companies that Warren Buffett has invested in reached record levels this week after announcing earnings and buybacks.
Shell Plc won its fight at the UK’s Supreme Court over a lawsuit into one of the largest oil spills off the coast of Nigeria after Britain’s top judges dismissed arguments that the oil giant could still be held responsible over a decade later.
Rivian Automotive Inc. reported a narrower-than-expected loss to start the year and reaffirmed its annual production plans as efforts to cut costs buoyed the electric-vehicle maker. Shares climbed as much as 7.1% in premarket trading on Wednesday.
The US military faces “unnecessary and unprecedented” risk from a Republican Senator’s block on officer promotions aimed at protesting the Pentagon’s abortion policy, Defense Secretary Lloyd Austin said.
Saudi Aramco is weighing exports of liquefied natural gas instead of blue hydrogen, as talks with potential buyers of the latter fuel prove tough.
A $3.2 billion fund focused on Asian equities is avoiding the region’s two biggest stocks, saying their valuations fail to reflect economic and political challenges.
