Andrew Tjaardstra

Minority owner Partners Group said the IPO proceeds will be used to further grow the Hangzhou-headquartered restaurant's 493 outlets and establish a centralised food processing facility; Clifford Chance, Citi and CMB International Capital were involved in the deal.

Pei-Si Lai, CEO of GXBank, Malaysia's first digital banking firm, will take over from Muthukrishnan Ramaswami, who is retiring, at the beginning of June.

The Japanese giant will make cost savings of ¥500bn and reduce its workforce by 20,000, and its number of plants from 17 to 10 by FY 2027, after a net loss of ¥670.9bn in FY 2024.

There has been a flurry of activity connected with the Middle East in recent weeks, including visas, real estate and chemical assets.

Markets have rallied after a weekend agreement to reduce tariffs to 10% in China and 30% in the US is good news for companies, markets, and the US dollar; however, pharmaceutical stocks are in focus as US president Donald Trump tries to reduce drug prices.

Mehra has started the Hong Kong-based newly created role on May 12, joining from Goldman Sachs.

The strategy, known as the Libra Hybrid Capital Fund, is backed by Asian sovereign wealth funds, and is aiming to help firms develop their technology and automation capabilities.

ASIC is asking for an independent expert to review a remediation plan for the trade reporting functions of Macquarie's futures dealing and OTC derivatives; ASIC commissioner Simone Constant said that the action "underscores" the regulator's concerns with the "recurrent" nature of Macquarie's failures.

The agreement, which will reduce tariffs across billions of dollars of goods, comes after three years of talks.

The SAR's stock exchange is enjoying a boom from Chinese firms looking to expand and tap more investors; the local economy also grew by 3.1% in the first quarter.