Elliott Said to Build ‘Large’ Stake in Buffett-Favored Sumitomo
Elliott Management Corp. has built a “large” stake in Sumitomo Corp., one of Warren Buffett’s favorite Japanese trading houses, according to a person familiar with the matter.
Elliott Management Corp. has built a “large” stake in Sumitomo Corp., one of Warren Buffett’s favorite Japanese trading houses, according to a person familiar with the matter.
Prime Minister Srettha Thavisin named capital markets veteran Pichai Chunhavajira as Thailand’s new finance minister in an appointment that may ease tensions between the premier and the central bank over monetary policy.
Saudi Arabia’s finance minister warned geopolitics may be the single biggest concern for the world economy that’s already facing slower growth and elevated interest rates.
Tesla Inc. Chief Executive Officer Elon Musk made an unannounced trip to China on Sunday, a week after postponing a visit to India to handle pressing issues at the automaker.
The Philippines announced it will halt in-person classes at public schools, while Thai power demand rose to a record, as the heat wave gripping southern Asia continued to take its toll.
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