South Korea’s Supreme Court has agreed to review billionaire Chey Tae-won’s divorce settlement case after he appealed a previous court ruling. The lower court had ordered Chey, chairman of SK Group, to pay a settlement of 1.38 trillion won to his estranged wife, Roh Soh-yeong, as per Bloomberg. The Supreme Court’s decision to review the case does not indicate support …
Global stock index compiler MSCI said it was reviewing the status of equities in India's Adani Group on Thursday, ending a brief rally for the troubled conglomerate, as it fends off allegations of market manipulation. Gautam Adani lost around $120 billion in value after Hindenburg Research accused it of artificially inflating share prices. The business empire of Indian billionaire Gautam …
Pakistan-IMF bailout meeting: Amid the economic crisis, an IMF delegation held an extensive discussion with the debt-ridden nation, Pakistan on Tuesday. According to reports, the country's Finance Minister Ishaq Dar and other officials joined the much-awaited meeting targetting the $7 billion bailout programme. A high-level delegation led by the International Monetary Fund Mission Chief Nathan Porter met Finance Minister Dar …
Finance chiefs are putting capital budgets in their crosshairs, looking for spending they could trim or delay if they need to tighten their belts in an economic slowdown. As companies face the prospect of a recession in the months ahead, chief financial officers across industries—and particularly those confronting weaker demand—are examining their capital plans and estimating what could happen if …