Finance

Expanding economies and bank regulatory hurdles prompt emerging-market companies to tap the private credit market. Shapoorji Pallonji Group, an Indian construction company, made its mark in financial history in May, when it took down a $3.4 billion private credit facility, shattering records for the world’s fastest growing big economy. Lenders …

Ingka Group, the holding company that operates most IKEA stores globally, has appointed as its next chief executive, Juvencio Maeztu, the first non-Swede to lead the group. Effective Nov. 5, Maeztu will succeed Jesper Brodin, who is stepping down after eight years. Under Brodin, Ingka Group weathered the Covid-19 pandemic …

Starting as a summer intern while still in business school and rising through the ranks to COO, Michael Fiddelke has spent over two decades working for the US big-box retailer Target. Last month, he was tapped to succeed Brian Cornell, who is retiring after 11 years leading the company. Fiddelke’s …

India’s Tata Technologies joined the rush last month to make digital battery passports (DBPs) standard issue for electric vehicles and industrial batteries, with the launch of WATTSync. The cloud-based platform uses AI to monitor battery health, blockchain for data integrity, and to scale across regions. WATTSync aligns with the European …

Yoweri Museveni likes to profile himself as Africa’s biggest proponent of value addition. According to the Ugandan president, in power 39 years, Africa has for decades allowed itself to be “robbed” by exporting raw materials, particularly minerals and other commodities, to developed economies that then reap the higher margins further …

Yoweri Museveni likes to profile himself as Africa’s biggest proponent of value addition. According to the Ugandan president, in power 39 years, Africa has for decades allowed itself to be “robbed” by exporting raw materials, particularly minerals and other commodities, to developed economies that then reap the higher margins further …

ASEAN looks to international cooperation as China and the Gulf states join its summit for the first time. Participation of China and the Gulf Cooperation Council (GCC) in the May 2025 summit of the Association of Southeast Asian Nations (ASEAN) was a milestone for ASEAN. The event marked the first …

Expanding economies and bank regulatory hurdles prompt emerging-market companies to tap the private credit market. Shapoorji Pallonji Group, an Indian construction company, made its mark in financial history in May, when it took down a $3.4 billion private credit facility, shattering records for the world’s fastestgrowing big economy. Lenders included …

Trade, tariff, and interest rate uncertainties are making effective cash management critical, rendering treasury’s role more vital than ever. Cash management may be the defining treasury priority of 2025, as CFOs reassess their exposure to tariff regimes, interest rate shifts, and geopolitical volatility, placing liquidity firmly at the center of …

On Aug. 25, China Evergrande Group was delisted from Hong Kong’s stock exchange. Earlier in the month, Hong Kong Exchanges and Clearing notified the world’s most indebted property developer that its listing would be cancelled for failure “to fulfill any of the requirements” to resume trading, Evergrande said in a …