Bloomberg Markets
Brookfield Business Corp. has agreed to sell Multiplex, the construction company that built London’s Wembley Stadium, to Japan’s Obayashi Corp. for $650 million.
Bloomberg Markets
The People’s Bank of China’s latest refinement of its monetary policy toolkit is expected to damp money-market volatility and support bonds, according to analysts.
Bloomberg Markets
The National Stock Exchange of India Ltd.’s planned initial public offering is set to unlock the value of long-term investments for a group of backers including Morgan Stanley, Temasek Holdings Pte. and State Bank of India.
Bloomberg Markets
Uzbek fintech Uzum, backed by investors including China’s Tencent Holdings Ltd., aims to hold another funding round as the group seeks to support rapid expansion plans ahead of a potential initial public offering.
Bloomberg Markets
The NSE is finally going public. India's largest exchange could pull off the country's biggest IPO ever, giving a much-needed boost to a cooling market and paving the way for other mega listings, including Reliance Jio. Rajesh Mascarenhas has more. (Source: Bloomberg)
Bloomberg Markets
The global lithium market has taken a positive turn as analysts see demand from energy storage systems and electric vehicles spurring gains for the battery material.
Bloomberg Markets
Jera Co. has agreed to book two gas carriers from Mitsui OSK Lines Ltd. that will enable Japan’s largest power producer to transport low-carbon ammonia from the US and build up a supply chain for the alternative fuel.
Bloomberg Markets
The London Metal Exchange plans to launch a steel futures contract that gives global investors exposure to Shanghai prices, marking another step in the internationalization of Chinese commodities futures.
Bloomberg Markets
Global funds are piling into Indian government bonds after New Delhi removed taxes on debt for foreign investors and eased ownership caps, along with moves that have helped stabilize the rupee.
Bloomberg Markets
NSE is currently valued at about $53 billion in the unlisted market.
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Bloomberg Markets
Indonesia has spent decades establishing itself as one of the world’s most important emerging markets. Now the country — Southeast Asia’s largest economy, with a gross domestic product of about $1.5 trillion — risks losing that standing, potentially jeopardizing billions of dollars in foreign investment.
Bloomberg Markets
The increasingly large role of China’s bond market as a source of credit for the nation’s borrowers has offered the central bank an important channel for broad reductions in borrowing costs.
Bloomberg Markets
Lululemon Athletica Inc. apologized after a yoga event staged on the Great Wall featuring a Japanese taiko drum sparked social media backlash in China, highlighting the reputational risks facing the company in its fastest-growing major market.
Bloomberg Markets
The Federal Reserve may need to raise interest rates as soon as September if inflation remains elevated, according to Rob Kaplan, vice chairman at Goldman Sachs Group Inc. and former Dallas Fed president.