A surge in investments by retail traders and resurgent foreign inflows have put India’s stock market — the world’s fifth biggest — on the verge of a $4 trillion valuation for the first time.
Oil steadied after a three-day loss as Saudi Arabia said recent cuts by OPEC+ would be honored in full and could be extended, pushing back against persistent skepticism over the curbs’ effectiveness.
New World Development Co. Ltd. has accepted a buyback of seven of its dollar bonds for $610.3 million, an effort to shore up its finances amid a long-running slump in China’s property sector.
RRJ Capital, the private equity firm founded by former Goldman Sachs Group Inc. banker Richard Ong, is seeking to raise as much as $2 billion for a new fund that focuses on private credit in Asia.
A leaked draft of high-stakes Treasury Department rules for a production tax credit for hydrogen created in President Joe Biden’s signature climate law is setting off alarms by the industry, which says the requirements put the success of the nascent climate-friendly fuel at risk.
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