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Elon Must Closes USD 44 billion deal to acquire Twitter, fires top executives.

KKR-led group walks away from $15 billion all-cash offer for Australia's Ramsay

Ramsay Health Care Ltd said on Friday a group led by private equity giant KKR & Co pulled the plug on a near $15 billion all-cash buyout offer for the Australian hospital operator, but still kept doors open for further negotiation.

South Korea raises rates, warns inflation fight not over

South Korea's central bank raised its key interest rate by a quarter-percentage point on Thursday and significantly lifted inflation forecasts, signalling more policy tightening, which sent bond yields and the local currency higher.

War hit to German economy will last years

It is likely to cost Germany three percentage points of growth this year as a result of Russia's invasion of Ukraine, according to influential economist Marcel Fratzscher of the German Institute for Economic Research.

Europe's energy woes haunt euro, Asian stocks

A renewed spike in European energy prices on Tuesday stoked recession fears and pushed bond yields higher, while tipping the euro to a 20-year low.

Paper suggests Monte dei Paschi could raise needed cash in steps

As the bank looks to boost its capital by mid-November, Monte dei Paschi di Siena may raise 2.5 billion euros ($2.5 billion) in steps.

There is a record level of bearish stock market bets held by hedge funds

This big rally that broke out in the middle of a bear market is making hedge funds increasingly skeptical.

Sri Lanka central bank holds rates steady; expects inflation to ease

The Central Bank of Sri Lanka (CBSL) kept its key rates steady as widely expected, as it awaits the impact of past hikes to trickle through the economy while a fall in global commodity prices is also expected to soothe domestic inflation.
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Citi appoints Aveline San as Hong Kong and Macau chief executive

Citigroup said it has appointed Aveline San as the chief executive of its Hong Kong and Macau businesses.

Wall Street ends up, extends recent gains as growth shares rise

Stock market close was higher than last week's, with megacap growth shares rising as Treasury yields eased.

Yuan eases on surprise PBOC rate cut as Chinese recovery falters

Australian and New Zealand dollars fell from near two-month highs against the greenback on Monday after disappointing data from China, a key trading partner, while the Chinese yuan weakened after a surprise interest rate cut.

Core CPI rises 2.4% in July, near 8-year high

It appears that the core consumer price index (CPI) for July rose 2.4% from a year earlier, accelerating to the fastest pace in nearly eight years and exceeding the central bank's 2% inflation target again.