The oil price has surged to $82 a barrel amid disruption in the Strait of Hormuz as Iran responds with multiple missiles across the Middle East after the US and Israel launched strikes on Iran over the weekend; the UAE has closed its stock markets for two days.

If the deal is finalised, a combination of the US and UK global asset managers will control almost $2.5 trillion of assets under management; they both have offices across Apac.

Brookfield Asset Management has acquired an office skyscraper in Tokyo from a consortium of Japanese investors for an undisclosed price; the global HQ of Dentsu Group is a tenant.

Hong Kong-based Peng Yu is a specialist in private equity and M&A transactions.

A two-thirds supermajority in the Lower House will allow prime minister Sanae Takaichi to push through her tax cutting agenda.

The buoyancy in the sector is being driven by multiple factors, including regulatory shifts, policy support, and debt capital market activity in the city.

Hong Kong payment platform Wonder has raised $12m in venture debt from HSBC Innovation Banking to accelerate its regional expansion.

The global law firm has promoted regional managing partner William Liu to drive regional strategy as it marks 50 years in the region.

Amid regional market momentum, the global bank has a strong pipeline of Apac deals across ECM, DCM and M&A.