As Arm Ltd. prepares for a highly-anticipated initial public offering this year, global investment banks are pitching a yawning range of valuations for the chip designer, from $30 billion to $70 billion, according to people familiar with the matter.
NTPC Ltd., India’s largest power producer, is making a rare move to buy domestic coal in the spot market, underscoring rising concerns about a potential squeeze on summer energy supply.
Secretary of State Antony Blinken pressed his Russian counterpart to end the invasion of Ukraine during a brief and unexpected encounter on the sidelines of a Group of 20 meeting in India, their first in-person encounter since the war began a year ago.
Local retail investments may help double the assets in India’s monthly stock plans in five years, and cushion the market from any selloffs by foreign investors, according to Edelweiss Asset Management Ltd.
Abu Dhabi’s main energy company raised $2.5 billion from the initial public offering of its gas business, pulling off the year’s biggest listing and continuing a trend that saw the Middle East emerge as a bright spot for share sales in 2022.
The historic market meltdown of Adani Group has shown signs of abating after the Indian conglomerate went on a tour to restore confidence and won a $1.9 billion investment from a high-profile money manager.
A woman was awarded almost £100,000 ($120,000) from a UK court for image-based abuse in what’s thought to be the first time in England and Wales that a judge has awarded compensation for a case of its kind.
Michael Saunders, who was one of the most hawkish Bank of England policy makers until he finished his term in August, said he’d now vote to soften the pace of interest rate increases.
Japan’s benchmark yield edged back above the central bank’s ceiling amid a global bond selloff and as traders turned their focus to next week’s key policy meeting.
Pakistan’s rupee surged after the nation’s central bank delivered a larger-than-expected rate hike to rein in inflation, as the country sought to secure an International Monetary Fund bailout to shore up the economy.
