Bajaj Finance Ltd. and Cathay Financial Holding Co. are among the firms considering bids for Commonwealth Bank of Australia’s business in Indonesia, people familiar with the matter said.
Asia-Pacific banks’ additional Tier 1 bonds contain the same clause used by the Swiss to write down the debt of Credit Suisse Group AG, roiling the global market.
LG Energy Solution Ltd. will invest 7.2 trillion won ($5.5 billion) building a giant manufacturing complex in Arizona as the electric-car battery maker seeks to speed up production in order to meet rising demand for clean cars.
Markets are signaling the Federal Reserve is wrong when it talks about the prospect for further interest-rate hikes, with bond investor Jeffrey Gundlach among the latest to predict cuts instead as the risk of recession grows.
In the past 18 months, no group has issued more of the controversial additional Tier 1 bonds than Chinese banks.
A change is on the horizon for oil demand, with India set to eclipse China as the most important driver of global growth — and potentially the last, as the world shifts to a greener future.
Authorities allaying concerns of systemic risk allowed risky bank bonds to pare losses from the shock wipeout of some Credit Suisse Group AG debt.
Killings have increased and rogue Palestinian groups have grown in number since Israel’s new right-wing government took power
Brexit is forcing farmers to scour the globe for workers and it’s become a lucrative business for unscrupulous recruiters.
Equity strategists who had urged caution on European stocks even amid January’s roaring rally are being vindicated, as more of their peers accept the market probably won’t see much more upside this year.
