Hong Kong-based power tools maker Techtronic Industries Co. threatened legal action after a short-seller questioned its accounting methods last week, leading to a $4 billion loss in its market value in a single day.
After three years of turbulence under the Covid pandemic, China’s leaders are expected to lay out economic goals to get growth back on track, restore confidence and avoid a build-up of financial risks.
Hong Kong just ended of one of the world’s longest mask mandates. Yet that’s produced little visible change, with most people appearing to wear masks in the streets and on public transportation on Wednesday.
Bola Tinubu was declared the winner of Nigeria’s presidential election, handing him the reins of Africa’s biggest economy as it confronts a deepening fiscal crisis, acute shortages of local and foreign currency and gasoline, and widespread insecurity.
Macau casinos’ gaming revenue climbed 33% in February, slightly beating estimates in a sign that the sector’s recovery is lingering beyond the initial boost from China’s rapid reopening.
Tesla Inc. will sell its electric cars in Malaysia to tap into the rising foreign demand for EVs in the Southeast Asian.
China’s telecommunication stocks surge on speculation they will benefit from an expansion in cloud computing and potential development of artificial intelligence software.
Vietnam’s Communist Party agreed to nominate a close ally of its chief Nguyen Phu Trong to take over the presidency, boosting his control over economic policy after running an anti-graft crackdown to boot out internal rivals.
Airtel Africa Plc plans to increase its capital expenditure to as much as $750 million this year as it moves to build its mobile-money business across the continent.
A Singapore-based money manager plans to raise as much as $125 million to supply energy efficient stoves to families in India and Africa, and will generate returns for investors by selling carbon credits.
