Middle Eastern investors including International Holding Co PJSC and Abu Dhabi Investment Authority are bidding to buy stock in the $2.5 billion follow-on share sale floated by Indian billionaire Gautam Adani’s flagship, according to people familiar with the matter.
China formally arrested nine people in connection with a wave of Covid protests that swept the country in November, a human rights group said, even as Beijing unwinds the virus curbs that prompted the demonstrations.
Tourism and spending are reviving in Hong Kong and Macau as the Lunar New Year holiday spurred a jump in visitors and betting on horse races after pandemic travel restrictions were eased between the two territories and mainland China.
Los Angeles County has blocked new oil and gas drilling and will phase out of existing operations, expanding on a city-wide ban that was imposed last month.
Goldman Sachs Group Inc. and Bank of America Corp. have relinquished their lead roles on Abu Dhabi National Oil Co.’s planned mega initial public offering of its natural gas business, people with knowledge of the matter said.
House Speaker Kevin McCarthy said he’s blocking Democrats Adam Schiff and Eric Swalwell from serving on the Intelligence Committee, making good on a long-standing promise and opening a new front in the chamber’s partisan battles.
China’s economic recovery could keep the natural gas market tight this year, said Australia’s biggest exporter.
The Bank of Japan is likely to start phasing out extraordinary measures such as yield curve control within months of a new governor taking the helm in April, according to a former executive director in charge of monetary policy during the pandemic.
Northern Virginia no longer stands alone as the world’s most desirable data center location, with Portland sharing the top spot for the first time this year.
A Depression-era backstop that Wall Street banks use for short-term funding is the latest corner of traditional finance to be ensnared by upheaval in the crypto industry.
