An April review by the IMF ended without an agreement, with June the next opportunity to meet the IMF's conditions and release two tranches of loans.

The games, if they go ahead, potentially in 2027, are expected to bring economic benefits to the Greater Bay Area, including Hong Kong, and countries part of the Belt and Road Initiative.

US president Donald Trump has ordered a 90-day pause on retaliatory tariffs above the 10% already imposed, except for Chinese goods, with tariffs now at 145% after China retaliated; Trump has now put tariff exemptions on smartphones, electronics and computers.

The $400m deal will see global PE firm acquire up to 54% of equity from CVC, and up to a total 77% stake of the Indian cancer care specialist; KKR made several significant investments into Indian healthcare firms last year, as regional PE deals bounceback.

The rationale behind all the winners for the best capital market deals across Asia Pacific.

Retaliatory tariffs, a stronger dollar and several u-turns from the Trump administration are creating an uncertain outlook for 2025 and is pushing up the price of gold; meanwhile, Hong Kong and China are lodging complaints to the WTO.

The new US president issues orders for the US to leave the World Health Organisation and Paris climate agreement, with digital app TikTok emerging as one potential leverage point between the US and China over tariffs.

The Series J funding round by the San Francisco tech firm is being led by US venture capital firm Thrive Capital.

Asset managers share the view that despite a strong base for the US economy, Trump’s actual tariff and immigration policies after he assumes office will be key.

Read on to find out the winners of our Deal Awards – Asia Pacific.