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Billionaire Adani’s firm weighs $1.8b fundraise

  Bloomberg Adani Enterprises Ltd., the flagship firm of Asia’s richest person, is considering issuing at least $1.8 billion in new shares, according to people familiar with the matter. Billionaire Gautam Adani’s conglomerate is working with advisers on the follow-on issue and could sell the shares as soon as next year, the people said, asking not to be identified as ...

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Singapore inflation slows

  Bloomberg Singapore’s core inflation gauge eased for the first time in eight months in October, giving policymakers reason to refrain from tightening monetary policy amid mounting risks to economic growth. Core inflation, which excludes private transport and accommodation and is closely watched by the central bank, rose 5.1% from a year ago, according to Singapore’s Ministry of Trade and ...

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China set to fine Ant more than $1 billion: Reports

  Bloomberg Chinese authorities are planning to impose a fine of more than $1 billion on Jack Ma’s Ant Group Co., paving the way for the ending of a regulatory overhaul of the financial technology firm, Reuters reported, citing people familiar with the matter. The central bank is preparing the penalty, which could land in the second quarter of next ...

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