Turkish authorities arrested Borsa Istanbul Chief Executive Officer Korkmaz Ergun on bribery charges, state-run Anadolu Agency reported on Tuesday, part of a widening investigation into Turkey’s investment fund crisis.
Brookfield Asset Management and the Qatar Investment Authority have reached an agreement to invest £2.5 billion ($3.4 billion) in a data center project with UK power generator Drax Group Plc.
Schaeffler AG is set to close five sites in Europe and cut jobs as the supplier faces a persistent downturn in demand for auto components and high costs in Germany.
The energy investment arm of Abu Dhabi’s state oil producer agreed to pay $1.45 billion for Shell Plc’s stake in an Australian natural gas project, the latest in a series of deals as the Middle Eastern company seeks to expand globally.
Evonik Industries AG expects full-year earnings in the upper half of its forecast range after third-quarter sales surged, strengthening its position after rejecting BASF SE’s takeover approach.
A federal judge denied an eleventh-hour bid by the NAACP to block the US Justice Department from deploying staff from federal law enforcement agencies to serve as poll monitors during the midterm election on Tuesday.
Saudi Aramco reported third-quarter profit that surpassed analyst estimates following higher refining margins and a war-induced surge in prices of oil and refined fuels.
Middle East oil market metrics are indicating near-term supply is outpacing demand for the first time since July, when global prices plummeted after a temporary ceasefire between the US and Iran allowed tankers to exit the Persian Gulf…
China’s top economic officials are talking up openness in Hong Kong. Back on the mainland, authorities are showing investors just how active they remain in steering financial markets.
UBS CEO Sergio Ermotti warned that cyber threats now rival or surpass traditional credit and market risks for banks, urging regulators and the industry to stop stigmatizing attack victims in order to build collective resilience. (Source…
Morgan Stanley Chairman and CEO Ted Pick suggests AI investment could reach $10 trillion to $15 trillion over the next decade, leveraging the potential of major productivity gains. (Source: Bloomberg)
India’s Finance Minister Nirmala Sitharaman said she’ll consider tax changes on stocks as a prolonged equity-market slump intensifies pressure on policymakers to revive investor confidence.
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