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Indonesia, Thai Stock Market Outlooks Buffeted by Political Risk

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Intensifying protests in Indonesia and the latest leadership upheaval in Thailand are ratcheting up political risk in the two largest emerging stock markets in Southeast Asia.

Indonesia’s equity benchmark slid 1.5% on Friday, the biggest decline in the world among national gauges tracked by Bloomberg. Thailand’s 1.1% equity market retreat the same day also placed it among the most notable laggards.



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Funding & Business

CapVest Nears €10 Billion Deal for Drugmaker Stada

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CapVest Partners is nearing a deal to acquire Stada Arzneimittel AG for around €10 billion ($11.7 billion) including debt, potentially ending the long-running saga to sell the German drugmaker, according to people familiar with the matter.

The London-based buyout firm is finalizing terms of an agreement with Stada’s private equity owners Bain Capital and Cinven, the people said. They could announce a deal as soon as Monday if there aren’t any last-minute hiccups, according to the people, who asked not to be identified because the information is private.



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Crypto Finds Gateway Into Australia’s $2.8 Trillion Pensions Pot

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Australia’s A$4.3 trillion ($2.8 trillion) retirement system — long regarded as one of the world’s best-regulated savings pools — is emerging as a new frontier for crypto.

Coinbase Global Inc. and OKX, two of the largest digital-asset exchanges, are rolling out products aimed at steering pension money into cryptocurrencies, underscoring how digital assets are edging further into mainstream finance.



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Funding & Business

Mitsubishi Heavy To Double Gas Turbine Capacity as Demand Soars

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Mitsubishi Heavy Industries Ltd. aims to double its gas turbine capacity in the next two years as demand for the equipment rises globally due to replacement and data center needs.



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