Investors are warming up toward Asian emerging-market stocks as the dollar’s rally pauses and U.S. President Donald Trump’s initial tariff onslaught proves less punishing than earlier envisaged. Money managers snapped up more than $700 million of shares in Asian developing nations outside China in the five days through Friday, ending seven straight weeks of outflows. […]
Hong Kong utility company CLP Holdings said its 2024 net profit rose 76 per cent from a year earlier thanks to a strong showing from its operations in Australia. The company, which operates the larger of Hong Kong’s two electricity providers, said in an exchange filing on Monday that its earnings rose to HK$11.74 billion (US$1.51 billion) from […]
The issuance was made at the “Ba Ria-Vung Tau Province Vision Declaration and Investment Approval Ceremony” held in Phu My 2 Industrial Park in southern Vietnam last Saturday. Hyosung TNC plans to proactively respond to the global materials market’s reorganisation around sustainable products by investing $1 billion to establish multiple Bio-BDO production plants capable of producing […]
Brazil’s BRICS presidency this year will not advance a common currency for the group of major developing economies this year, four government officials said, but its agenda may pave the way for less reliance on the U.S. dollar in global trade. That agenda could draw the ire of U.S. President Donald Trump, who has repeatedly warned the BRICS group, […]
Chinese officials on Thursday vowed to step up efforts to attract foreign direct investment as tensions with the U.S. threaten to accelerate the exit of factories and research centers owned by multinational companies. China’s cabinet, the State Council, recently approved a 20-point action plan to stabilize investment from abroad. Easing restrictions in the telecommunications, medical […]
Saudi Arabia is boosting its energy security with an SR13.4 billion ($3.57 billion) investment to expand the Qurayyah power plant, adding 3.01 gigawatts to meet growing demand and support economic growth. Saudi Electricity Co. and ACWA Power have signed a power purchase agreement with Saudi Power Procurement Co., the Kingdom’s sole licensed electricity buyer, to expand Qurayyah Independent […]
ATB Financial recorded net income of $88.7 million in its third quarter ending Dec. 31, 2024, down more than 15% from the second quarter, and about 6.7% lower than the comparable period of 2023. The Edmonton-based bank, a Crown corporation of Alberta, attributed the decline to higher non-interest expenses and loan-loss provisions that outstripped a […]
US prosecutors and regulators are investigating a $32 million deal between CrowdStrike Holdings Inc. and a technology distributor to provide cybersecurity tools to the Internal Revenue Service. Investigators for the Justice Department and the Securities and Exchange Commission have been interviewing people and collecting records related to the deal, according to the document and people. […]
Indonesia’s parliament on Tuesday passed a bill to revise the country’s mining law, aimed at boosting development of domestic mineral processing industries and regulating mining access for small businesses and religious groups. The amendment seeks to encourage the participation of smaller-scale firms in mining and to ensure ore supply security for mineral processing industries, as […]
Over the course of last year the Trump Media and Technology Group (TMTG) raised $450 million by selling company shares at a discount to a small New Jersey financial firm that specializes in small- and micro-cap stocks. The money TMTG raised from its stock sales to Yorkville Advisors represented a significant portion of the hefty amount […]