Brookfield Asset Management is gearing up for a significant Initial Public Offering for Altius Telecom Infrastructure Trust. The company plans to file draft papers soon, aiming to raise up to $630 million. Altius, India’s largest telecom tower operator, is also considering a pre-IPO round. This offering could be one of India’s largest infrastructure investment trust listings in recent times.Read More
The Indian rupee fell to a record low on Thursday, as investors fretted over the economic risks confronting India from a resurgence in crude oil prices to 2022 highs, threatening the inflation-economic growth balance for the net energy importer and sapping capital flows.Read More
Japan’s Nikkei share average fell on Thursday as a surge in oil prices, driven by reports of possible U.S. military action to break the Iran stalemate, and mixed corporate earnings dampened investor appetite.Read More
Tech giants, including Google-parent Alphabet, Amazon, Microsoft, and Meta, announced their quarterly earnings on Wednesday, with the Facebook and Instagram-parent appearing to fall behind in terms of AI boost.Read More
United Arab Emirates has announced it will exit OPEC and OPEC+ effective May 1, delivering a fresh shock to an already strained global energy market. The move comes amid a Strait of Hormuz blockade and ongoing Iran conflict, heightening fears of severe oil supply disruptions from alliances that control nearly half of global output.Read More
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