The total value of GQG Partners LLC’s stake in Adani Group companies has grown about fivefold, as the stocks extend their recovery from short-seller Hindenburg Research’s scathing report. The firm’s initial investment of $1.9 billion in March has ballooned to $10 billion in value, helped by market gains and additional stakes, according to fund manager […]
Read MoreA momentous shift is under way in global markets as investors pull billions of dollars from China’s sputtering economy, two decades after betting on the country as the world’s biggest growth story. Much of that cash is now heading for India, with Wall Street giants like Goldman Sachs Group Inc. and Morgan Stanley endorsing the […]
Read MoreHuawei Technologies’ (HWT.UL) new smart car software and components firm is set for a valuation of up to 250 billion yuan ($34.67 billion) after it sells stakes to investors including Changan Auto, three people with knowledge of the matter said. The Chinese company said on Sunday it will spin off its four-year-old Intelligent Automotive Solution […]
Read MoreChinese billionaire Jack Ma is backing a newly formed startup, whose name in English translates to “Hangzhou Ma’s Kitchen Food.” According to a report by CNN, the new company is based in the eastern China city of Hangzhou, Ma’s hometown. The startup will involve sale of pre-packaged food, imports and exports, and edible agricultural products. […]
Read MoreDhaka: The US’ latest policy on labour rights warrants enough reasons for Bangladesh to be alarmed, the Bangladesh embassy in Washington has said, stating that the issue should be “taken into cognizance with priority by concerned stakeholders.” In a letter dated 20 November sent to Tapan Kanti Ghosh, senior secretary, the Ministry of Commerce by […]
Read MoreIndia’s economic expansion likely moderated but remained strong in the September quarter, supported by robust service activity and solid urban demand despite a global slowdown dampening export growth, according to a Reuters poll of economists. Gross domestic product (GDP) growth is forecast to have slowed to 6.8% in the July-September quarter from 7.8% in the […]
Read MoreChinese Commerce Minister Wang Wentao pledged to deepen bilateral trade ties with Vietnam during a meeting with Vietnamese Prime Minister Pham Minh Chinh in Ho Chi Minh City on Saturday, China’s commerce ministry said. Wang said China-Vietnam trade cooperation had already achieved “fruitful results” and would include strategic areas such as the digital economy, green […]
Read MoreTHE historic warming of ties between South Korea and Japan took a new turn when the leaders of the two countries stood together and told a US audience they were looking at ways to strengthen their economic bonds. Japanese Prime Minister Fumio Kishida and South Korean President Yoon Suk-yeol told a group of entrepreneurs at […]
Read MoreThe first China-Laos-Thailand express freight train departed from the Chengdu International Railway Port in Chengdu, capital of southwest China’s Sichuan Province, on November 17, with cargo bound for customers in Thailand. The launch of the express freight train service, which cuts delivery time for goods from Chengdu to Thailand to under five days, marks a […]
Read MoreEquity markets were mixed Tuesday as investors cautiously awaited the release of US inflation data, aware that a big miss in either direction could have major implications for the Federal Reserve’s interest rate plans over the next few months. Wall Street’s three main bourses provided a tepid lead as traders in New York bided their […]
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