Cowell Health, a Chinese drugstore chain backed by Hillhouse Capital, has selected banks for its Hong Kong initial public offering that could raise more than $500 million, according to people familiar with the matter.
Russia surpassed Saudi Arabia as China’s biggest oil supplier with refiners taking advantage of cheap barrels to feed rebounding demand in Asia’s biggest economy following the end of Covid Zero.
South Korea’s early trade data showed a deepening slump in exports as global demand for semiconductors remains weak and China’s reopening is yet to generate any boost.
Recruiters across the world are getting an unprecedented flood of calls from Credit Suisse Group AG bankers seeking new jobs as the embattled Swiss lender is set to be taken over by UBS Group AG.
The Federal Reserve shouldn’t raise its benchmark rate this week, Pershing Square’s Bill Ackman said, arguing that the banking crisis has already had the effect of a “meaningful tightening of financial conditions.”
Asian stocks climbed Tuesday following gains on Wall Street as immediate concerns over the strength of the global financial system dissipated.
A new analysis of samples taken from a market in Wuhan, China during the early days of the pandemic are the strongest evidence yet that the Covid-19 virus jumped from animals to humans, some researchers say.
South Korea’s early trade data show a deepening slump in exports in the latest sign of a sputtering global economy.
Australia’s central bank will consider pausing its policy tightening cycle next month given interest-rate settings are already restrictive and the economic outlook remains uncertain, minutes of its March meeting showed.
The former head of Tesla Inc.’s Australian operations, Kurt Schlosser, has avoided jail after pleading guilty to insider trading using confidential information about the US electric carmaking giant.
