A private survey of China’s services sector showed activity expanded at the slowest rate this year in August, as the economy’s darkened outlook and ongoing property turmoil hold people back from spending.
When Southeast Asia’s annual summit was expanded to include the US more than a decade ago, it assured an often neglected region a regular audience with the sitting president. Not this year.
Uday Kotak’s early resignation as Chief Executive Officer from Kotak Mahindra Bank Ltd., was an attempt to ease concerns of India’s banking regulator about the out-sized influence he wields over the lender, which is seeking approval to name an internal candidate for the role.
Billionaire Vijay Shekhar Sharma, the founder and chief executive officer of India’s biggest digital payments company, said he’ll look to raise his stake as Paytm approaches profitability.
The oil billionaire ex-owner of Lundin Oil AB will this week appear in Sweden’s biggest ever criminal prosecution over his alleged involvement in atrocities in Sudan to help further the company’s business in the war-torn region.
Hodinkee, an online watch retailer and news site backed by Bernard Arnault’s LVMH Luxury Ventures, is cutting almost 20% of its staff as prices for pre-owned timepieces slump.
Investors face a new era of supply-chain risks with the potential to hit asset values, as the US expands enforcement of a law targeting forced labor in China’s Xinjiang region, according to JPMorgan Chase & Co.’s head of ESG equity research for the Asia-Pacific region.
Sweden’s economy will more likely “tread water” than fall into a severe recession, Danske Bank A/S forecast, downgrading its projections for the biggest Nordic country.
Australia’s New South Wales state will hold talks with Origin Energy Ltd. over plans to shutter the nation’s largest coal-fired power station as soon as 2025 amid rising concerns about future energy supply.
The global trade finance gap jumped to a record $2.5 trillion last year, as heightened economic risks left banks’ financing capacity stretched, according to the Asian Development Bank.
