British finance minister Rachel Reeves will attend an investment summit in Saudi Arabia on Monday and seek to advance trade talks with other Gulf countries, in what officials said was the first visit to the region by a British finance minister in six years. Saudi Arabia will host its flagship gathering of global political leaders […]
Australia has identified an A$20 billion (RM55.11 billion) investment pipeline across Southeast Asia as Canberra moves into a new phase of its regional economic cooperation, signalling a stronger commitment towards deeper Asean integration. Prime Minister Anthony Albanese said the country’s ambition is to be participants, engaged partners, invested and embedded in the region’s growth, instead of […]
This follows India’s Natco Pharma’s acquisition of all minority shares in a deal valued at around $215 million (R4 billion). Founded in 1890 as a small pharmacy in Krugersdorp, Adcock Ingram evolved into one of South Africa’s most trusted healthcare brands, producing household names such as Panado, Myprodol, Epi-Max, and Allergex. Today, the company is […]
The US and China have agreed the framework of a potential trade deal that will be discussed when their respective leaders meet later this week, the US treasury secretary has said. Scott Bessent told the BBC’s US news partner CBS that this included a “final deal” on TikTok’s US operations and a deferral on China’s […]
Blackstone Inc will become the largest shareholder in India’s Federal Bank after injecting about US$706 million into the lender. Asia II Topco XIII Pte, an affiliate of the private equity giant, is paying 61.97 billion rupees for warrants that will result in a 9.99% stake in Federal Bank, the lender said in a statement Friday. […]
JPMORGAN Chase & Co plans to allow institutional clients to use their holdings of Bitcoin and Ether as collateral for loans by the end of the year, in a significant deepening of Wall Street’s crypto integration. The programme, offered globally, will rely on a third-party custodian to safeguard the pledged tokens, according to people familiar […]
The forecast was unveiled during the government’s 100-day macroeconomic performance review, which assessed both global trends and the nation’s quarterly outcomes. According to official data, Ethiopia’s economy expanded by 9.2% in the previous fiscal year, propelled by strong gains across key sectors, agriculture (7.3%), industry (13%), and services (7.5%). The country’s growth trajectory, officials noted, […]
Japan’s power generation major JERA will pay $1.5 billion for natural gas assets in the Haynesville basin, the company said today, in line with plans to boost its exposure to U.S. gas. The Japanese company will buy the assets from Williams and GEP Haynesville II, JERA said in a press release, adding that the assets […]
Google has signed the first U.S. corporate power purchase agreement involving natural gas with carbon capture, marking a major shift in how Big Tech plans to fuel the data-hungry future of artificial intelligence. The deal centers on the Broadwing Project, a 400-megawatt gas-fired power plant planned for Decatur, Illinois, developed by privately held Low Carbon […]
South Africa’s 440 billion rand ($25 billion) transmission grid expansion plan has drawn strong global interest, from Indian billionaire Gautam Adani’s energy company to major Chinese state-owned power firms. This marks a pivotal moment in the nation’s effort to stabilise its electricity supply and unlock its renewable potential. Launched in December, the Independent Transmission Projects […]