The companies operating two major oil fields in Kazakhstan are being taken to arbitration by the nation’s government, with billions of dollars of revenue at stake amid allegations of unapproved spending, according to people familiar with the matter.
German factory orders rose for a third month in a promising sign for the manufacturing sector, which has been faring less favorably than services in Europe’s largest economy.
The European Union is seeking to conclude a free-trade agreement with Australia by the summer, even as the two sides still need to work through some of the more contentious issues.
Rajiv Jain, one of the biggest names in emerging-market investing, cut across the grain last month when he bought almost $2 billion worth of Adani Group stock.
Ecopro Group, a battery materials maker that supplies Ford Motor Co. and Samsung SDI Co., plans to expand its manufacturing presence in South Korea, according to people familiar with the matter, after guidance last week clarified provisions around the US’s landmark climate bill.
Apple Inc. is set to open its first official retail store in India soon, a landmark move for the iPhone maker which is placing big bets on the South Asian nation for everything from manufacturing to sales.
Singapore is starting a S$10 million ($7.5 million) fund to support international movies that showcase the city to a global audience, helping finance production and marketing costs where the island is featured.
The Australian central bank’s decision to keep interest rates unchanged this week doesn’t mean an end to its tightening cycle, Governor Philip Lowe said, while acknowledging the board is prepared for a slower return of inflation to target than its global counterparts.
For months, the Middle Eastern oil market has been among the tightest in the world as regional exporters support Asia’s recovering demand. This week, OPEC+’s surprise output cuts made it even stronger.
The founding father of Britain’s current system of banking regulation has raised concerns about the exception granted to HSBC Holdings Plc when it rescued the UK arm of Silicon Valley Bank.
