Ares Management Corp said on Wednesday it raised about $5 billion for an infrastructure debt fund that invests in the debt of infrastructure assets such as data centers, telecommunication towers, ports and utilities.
Uniqlo parent Fast Retailing Co Ltd on Wednesday said it would raise wages by as much as 40%, a clear sign that Japan's rock-bottom salaries may be starting to budge after decades of deflation and cost-cutting.
U.S. stock index futures edged higher on Wednesday with the focus shifting to December's inflation reading due later in the week, which would provide clues on how aggressive the Federal Reserve could be in its monetary tightening in this year.
Boeing Co reported a sharp jump in airplane orders and deliveries in 2022 but trailed Airbus for the fourth straight year as its European rival trounced the U.S. manufacturer more than tenfold in the Chinese market.
Foreign investors have barely begun buying back beaten-down stocks in China, but there are growing signs that the end of the country's tough COVID-zero policy marks the beginning of a long global march back into Chinese equities.
Crypto exchange FTX will ask a U.S. bankruptcy court on Wednesday to allow it to auction off pieces of its business and to keep customer names secret for at least six months while it works to recover funds lost in what was allegedly a huge fraud.
South African telecoms operator Telkom and data network provider Rain have terminated discussions about a potential acquisition of Rain, Telkom said in a statement on Wednesday, sending Telkom's shares sharply higher.
LVMH Chairman and CEO Bernard Arnault named his daughter Delphine as CEO of the group's second largest fashion label Christian Dior on Wednesday, further tightening the family's hold on the sprawling luxury empire.
Predictions of the future often come to naught. In the 1930s, British economist John Maynard Keynes famously promised we'd all soon be working 15-hour weeks. In 1959, IBM forecast that the new-fangled photocopier might sell "5,000, at most". More recently, Elon Musk has been predicting every year since 2014 that Teslas will become self-driving "next year" (they haven't, yet, due to regulatory issues, according to the car marker).
