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European Union agrees on 40% quota for women on company boards

The European Commission, the bloc's executive arm, first proposed the legislation in 2012 and formal adoption still requires approval by the parliament and the 27 member states

Saudi Wealth Fund makes second $1 bn bet on Swedish gaming

The Public Investment Fund's Savvy Gaming Group will become the second largest owner in Embracer Group AB after acquiring almost 100 million shares in the Karlstad-based company

Traders brace for euro's decisive moment at ECB's policy meeting

A decidedly hawkish pivot could help convince bears that policy makers are determined to tighten financial conditions despite the headwinds

Microsoft scales down Russia operations as Ukraine crisis clouds outlook

In March, the company suspended new sales of products and services in Russia but continued to support existing customers and maintain offices there

Alibaba, Bilibili stocks eye fresh gains as China approves more games

Live-streaming platform Bilibili Inc. was among the top gainers of the group, rising 8% in premarket trading.

Credit Suisse stock falls 7.6% after warning of third straight loss

Shares of the troubled Swiss lender fell as much as 7.6% in Zurich trading after warning that results in the second quarter were impacted by clients pulling back, particularly in Asia

Inditex's profitability hits 10-yr high on Zara price hikes; stock up 4.8%

Operating income rose 82% in the three months through April, exceeding pre-pandemic levels, the company said Wednesday

Shock of war threatens lasting consequences on global economy: OECD

The organization slashed its outlook for global growth this year to 3% from the 4.5% it predicted in December and doubled its inflation projection to nearly 9% for its 38 member countries

Mobikwik seeks to raise $100 million in equity after deferring planned IPO

One Mobikwik Systems Ltd. is in talks with investors to raise as much as $100 million in equity to finance business expansion

Hong Kong tops the list of World's 20 most expensive cities for expats

Higher prices and a stronger currency over the past year kept the Asian city at the top of the tree, according to ECA International

Better whistle-blower suit accuses CEO Vishal Garg of misleading investors

CEO Vishal Garg misled investors in his effort to keep them on board with his plans to take the company public, an ex-executive said in a complaint filed Tuesday in Manhattan federal court

The Lankan crisis: Forex reserves rise for first time in five months

The stockpile rose to $1.92 billion at the end of May, from $1.81 billion the previous month, according to data released by the central bank

Oil shock devastates poorer nations as shortages, protests mount

Higher fuel bills are exacerbating inflation in countries that are already struggling with soaring food prices

In setback for Apple, EU agrees on common charging port deal

Phones and tablet makers will have to comply with new rules by September 2024

Gautam Adani faces off against Kumar Mangalam Birla over cement in India

Kumar Mangalam Birla comes from old money, unlike Adani, a first-generation entrepreneur

Bain Capital-backed $44 billion wealth manager is bullish on India REITs

IIFL Wealth Management Ltd. is recommending its clients allocate as much as 10% to the hybrid investments, co-founder and joint Chief Executive Officer Yatin Shah said

Bain Capital raises $2 billion in biggest Asia special situation pool

Bain Capital LP raised $2 billion for its second special situations fund, giving it the biggest pool of capital focusing on complex and structured credit and equity investments in Asia-Pacific

RBI MPC meet: Question not whether to raise borrowing costs but by how much

With Wednesday's Monetary Policy Committee (MPC) decision following May's surprise 40 basis-point off-cycle hike, expectations have narrowed down to the size of increase to tame inflation

Oil shock devastates poorer countries as shortages, protests mount

Sri Lanka, Laos, Nigeria and Argentina are among emerging economies in Asia, Africa and Latin America that have seen long queues at some filling stations in the past weeks because of fuel shortages

No data, no deal: Elon Musk warns of junking $44-billion Twitter bid

Says Twitter breaching merger agreement by not giving details on bot accounts