Chinese regulators held a meeting with banks to gauge interest in taking over failed Silicon Valley Bank’s stake in a local joint venture in a bid to safeguard the banking system from the US lender’s collapse.
Axiata Group Bhd., Malaysia’s biggest wireless company by revenue, is exploring a strategic review of its businesses with total assets of about 81.6 billion ringgit ($18.4 billion), according to people with knowledge of the matter.
China Life Insurance Co. shares fell the most in five months after the nation’s largest life insurer posted a drop in full-year profit due to Covid lockdowns and a slumping stock market.
South Korea’s parliament easily approved a bill Thursday to boost the country’s powerhouse semiconductor industry by giving firms tax breaks to spur investments.
A battle is shaping up between global bondholders and Sri Lankan authorities as the nation seeks to restructure its debt to gain access to more aid from the International Monetary Fund.
The investment fund of the family behind Lego reported a sharp drop in returns last year as losses tied to assets including shares eroded higher profit from sales of toys.
British raincoat-maker Burberry Group Plc and German fashion brand Hugo Boss AG are among the luxury-goods firms being marked out as potential M&A targets this year in Europe.
The UK unveiled its strategy to speed up the deployment of renewable power and capture carbon, part of a plan to boost energy investment in Britain that lacks the financial might of endeavors in the US.
Australia’s government wants to create a market to preserve the habitats of koalas, emus and other native fauna — an effort that could be worth A$137 billion ($91.4 billion) annually.
India’s biggest conglomerates, which wield immense pricing power in the retail, resources and telecommunication sectors, are contributing to elevated inflation and should be broken up, a former central banker said.
