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Business

Bain Capital Raises Offer for Fuji Soft Amidst KKR's Competing Bid

Bain Capital raises its offer for Fuji Soft to 9,600 yen per share in response to KKR's tender offer bid. The competition intensifies as both firms aim to acquire the Japanese IT f...

Business

Myanmar's Economy Faces Severe Contraction Amid Floods and Conflict, World Bank Warns

The World Bank predicts Myanmar's economy to shrink by 1% in the current fiscal year due to severe floods and ongoing conflict. The country's economy has been struggling since the ...

Business

TikTok Canada Fights for Survival Amid National Security Concerns

TikTok's Canadian division has filed an emergency motion with Canada's Federal Court to review the government's order to shut down its operations due to national security concerns....

Business

Indonesia's Budget Deficit: Insights into Economic Performance

Indonesia's budget deficit for January to November was 401.8 trillion rupiah ($25.27 billion) or 1.81% of GDP, as revealed by Finance Minister Sri Mulyani Indrawati. Total revenue ...

Business

Orsted Sells Half of Greater Changhua 4 Wind Farm to Cathay Life for $1.64 Billion

Danish energy company Orsted has agreed to sell a 50% stake in its Greater Changhua 4 offshore wind farm to Taiwan's Cathay Life Insurance for $1.64 billion. The wind farm, part of...

Business

Bank of Japan's Next Move: Will They Hike Rates Next Week?

The Bank of Japan's final policy meeting of the year is set for next week, with growing conviction within the BOJ that conditions for another interest rate hike to 0.5% are falling...

Business

Thailand's Cabinet Approves Measures to Alleviate Household Debt

Thailand's cabinet has approved debt support measures including interest suspensions and reduced principal payments to help tackle household debt, according to Prime Minister Paeto...

Business

Boeing Announces Nearly 400 Layoffs in Washington State Amid Cost-Cutting Measures

Boeing Company plans to lay off 396 staff members in Washington State as part of its cost-reduction strategy announced in October. The layoffs, set to begin on February 21, are in ...