Metal and mining firm PT Trimegah Bangun Persada advanced in its Jakarta debut after raising 10 trillion rupiah ($672 million) in Indonesia’s largest initial public offering this year. The sale shed light on the growing investor appetite for the country’s electric-vehicle sector.
Financial markets aren’t pricing in the heightened risk of mass writedowns across energy portfolios that’s implied by the Inflation Reduction Act, according to the chief executive officer of Impax Asset Management.
China expects a recurrence of power shortages in some provinces during times of peak demand this summer as electricity use rises.
Traders are piling into China’s government bonds, driving benchmark yields to the lowest since November on bets that more monetary easing may be on the way.
A veteran Chinese diplomat warned that unless the US fundamentally changes its attitude toward the nation, there’s no point in talks on ways to safeguard the relationship.
Brazil President Luiz Inacio Lula da Silva arrives in China on Wednesday as President Xi Jinping seeks to build momentum for talks to halt fighting in Ukraine more than a year after Russia’s invasion.
Thailand’s monetary policy decision makers will pay more attention to the role of low real interest rates in “engendering a build-up of economic imbalance,” a report showed Wednesday, as the central bank reiterated its stance of a gradual tightening amid lingering inflation concerns.
Ernst & Young on Tuesday scrapped its planned breakup, exposing the shortcomings of the partnership model in professional services.
Former Bank of Canada Governor David Dodge says interest rates are bound to stay higher for longer, despite market bets that the central bank will lower borrowing costs later this year.
SoftBank Group Corp. is selling its early-stage venture capital arm SoftBank Ventures Asia Corp. after suffering billions of dollars in losses from failed startup bets.
