Global funds are dumping Indian equities at a record clip as an energy shock from the US-Iran war threatens to derail the outlook of the world’s fastest-growing major economy.
IOI Properties Group Bhd. plans to establish a real estate investment trust holding its retail, hotel, and office assets, followed by a listing that could raise about 1.98 billion ringgit ($500 million) for the Malaysian developer.
Kalshi Inc. won a temporary reprieve from criminal prosecution in Arizona when a judge suspended the case at the behest of a federal regulator.
“Right now, we only see our kids (ages 5 and 2) awake for about 90 minutes a day.”
This week, Richard Haass of Centerview Partners on what to expect out of US-Iran peace talks. Plus, why Gulf states are begging Trump not to end the Iran war early and how the conflict could hit consumers, from gas prices to interest rates. And, former Canadian Finance Minister Chrystia Freeland warns of stagflation, a food crisis, and the growing strain on the US-led global order as finance leaders gather in Washington at the annual World Bank-IMF meetings. Later, how China quietly built a monopoly on the minerals that power modern life, and why American innovators think they can still leapfrog Beijing. (Source: Bloomberg)
US forces have rescued an airman who went missing after Iran downed an American fighter jet in the country, Axios reported, citing three unidentified US officials.
Kuwait Petroleum Corp.’s headquarters caught fire after a strike by unmanned drones in the latest Iranian attack on its Persian Gulf neighbors.
