Bloomberg Business

Saudi Aramco has combined its main trading unit with that of US refiner Motiva Enterprises LLC, as the oil giant consolidates its dealing operations before potentially listing them.

Economists raised their economic growth forecasts for China into next year after the nation dropped its Covid restrictions faster than expected, ushering in a recovery, and following a surprisingly resilient performance toward the end of 2022.

Chinese leader Xi Jinping called for greater efforts to fight Covid in a pre-holiday video call with people in rural areas, breaking with precedent by holding the event virtually instead of making an in-person visit.

Sun Life Financial Inc. is close to sealing an insurance partnership with Hong Kong banking group Dah Sing Financial Holdings Ltd., according to people familiar with the matter.

As India overtakes China as the world’s most-populous nation, an array of demographic issues such as birth rates and labor markets are emerging as key themes to watch out for in the two Asian powerhouses.

Iran’s hardline President Ebrahim Raisi is facing fresh criticism over a gas crisis in a traditional heartland of support, adding to mounting tension over his ongoing brutal crackdown against anti-government protests.

EFG International AG plans to expand in Asia with the help of former Banque Pictet & Cie partner Boris Collardi, Chief Executive Officer Giorgio Pradelli said.

UBS Group AG in Dubai is hiring a group of private bankers from Credit Suisse Group AG as the Swiss lender continues to expand its Gulf business that caters to India’s wealthy diaspora.

Bitcoin steadied after snapping a rare 14-day winning streak as a mood of caution supplanted the risk appetite that drove up a variety of assets at the start of the year.

Global bonds extended a rally Thursday as weaker-than-expected economic data from the US to Australia bolstered demand for the world’s safest assets.