Asia’s richest man Li Ka-shing announced Friday that a Singapore state investment fund had agreed to buy just under 25 percent of his flagship retail chain, in a deal worth more than US$5.6 billion. Singapore’s Temasek will purchase 24.95 percent of…
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Asian markets rose Friday as bargain-hunters moved in after the previous session’s heavy losses, with investors taking a lead from Wall Street and a positive batch of US data. The dollar held on to its recent gains after the head of the Federal Reserve…
Sri Lanka’s economy grew a weaker-than-expected 7.3 percent last year, the country’s central bank said Friday as it kept interest rates at multi-year lows as it looks to boost private investment and lending. The Central Bank of Sri Lanka said last year…
Iraq’s autonomous Kurdish region pledged Thursday to export 100,000 barrels of oil per day through central government-controlled pipelines in a bid to resolve an impasse with Baghdad ahead of elections. The Kurds and the government are locked in a row…
New Federal Reserve chief Janet Yellen kept the central bank firmly on the path set by predecessor Ben Bernanke Wednesday, shrugging off recent economic weakness as largely weather-caused. But she also took a crucial step to reshape how the Fed has…
Russia’s intervention in Crimea has cost it “real economic pain,” the United States said Wednesday as it readied a new slew of sanctions to punish Moscow for taking over Ukraine’s southern peninsula. “The question at this point is not if we will do…
IMF chief Christine Lagarde Wednesday denied any wrongdoing as she was questioned for the third time by French prosecutors in a corruption case that has become a thorn in the side of one of the world’s most powerful women. Lagarde was grilled for more…
Dallas, TX — (SBWIRE) — 03/18/2014 — This report provides the latest asset allocations of Nigeria HNWIs across 13 asset classes. The report also includes projections of the volume, wealth and asset allocations of Nigeria HNWIs to 2017 and a comprehensive…
Britain is set to grow faster than expected this year and next, Chancellor of the Exchequer George Osborne said in his annual budget Wednesday, drawing battle lines before national polls in 2015. Osborne warned however that an escalation of the Ukraine…
Japan Display, the world’s biggest maker of screens for smartphones and tablets and a key supplier to Apple, is to make its debut on the Tokyo stock exchange Wednesday after a $3.2 billion initial public offering. The shares will start trading on Japan…