Chinese billionaire Guo Wengui, the exiled businessman and vocal critic of Beijing with ties to former Donald Trump adviser Steve Bannon, was charged with fraud after the US seized $634 million linked to his alleged crimes.
Mark Milley, the chairman of the US Joint Chiefs of Staff, said Wednesday that “we do not seek armed conflict with Russia” in the wake of the downing of an American spy drone in an encounter with Russian jets.
The long-brewing troubles at Credit Suisse Group AG exploded into a full-blown crisis Wednesday as its stock and bonds cratered and some of the world’s biggest banks raced to shield their finances from the potential fallout.
Investors trying to gauge if wage increases in Japan will prompt a central bank policy move this year are keeping a close eye on a report from the country’s largest union federation Friday.
Texas power regulators say the state’s three largest generators used their size to boost power costs for consumers by as much as $380 million after the deadly 2021 winter storm.
Toshiba Corp. is planning a board meeting Thursday to discuss the buyout offer by a group led by private equity firm Japan Industrial Partners Inc., according to people familiar with the matter.
Investcorp Holdings BSC, the Middle East’s biggest alternative asset manager, is doubling down on warehouse investments in India, betting the nation’s manufacturing ambitions and e-commerce boom will fuel demand for logistics.
New Zealand’s economy contracted by more than expected in the final three months of 2022, putting it on the brink of recession and prompting investors to lower bets on the pace of further interest-rate hikes.
First Republic Bank, the San Francisco-based lender that was cut to junk by S&P Global Ratings and Fitch Ratings on Wednesday, is exploring strategic options including a sale, according to people with knowledge of the matter.
Private equity firms circling the $74 billion loan book at Silicon Valley Bank may find that the Federal Deposit Insurance Corp. is unwilling to sell the assets — or at least not at bargain-basement prices.
