US president Donald Trump has issued 15% tariffs on every country exporting to the US after his so-called reciprocal tariffs were ruled illegal by the US Supreme Court.

Industrial activity remained a “consistent bright spot" throughout 2025 amid 5% GDP growth; there are consistent deflationary pressures.

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.

Net profit at the Singapore bank fell 10% in Q4 amid rate headwinds, higher tax expenses and the absence of non-recurring gains; annual revenue in FY 2025 climbed to a record high of S$22.9bn.

Coller Capital is a global secondaries firm with around $50bn in AUM and six Apac offices. EQT's CEO believes Coller's business can double in size in under four years; the PE giant is paying up to $3.7bn. In Japan, EQT has launched a bid for Mamezo.

In a positive year for the region's banks, 2025 ECM fees in Apac, ex Japan, were up 45% from 2024, DCM fees saw 11% growth, amid a record year for bonds, while M&A advisory fees climbed 43%.

Samantha Horton, group chief operating officer and head of international at Syfe, explained to FA some of the mechanics, challenges and attractions of the 2025 deal for the listed firm, and also future regional expansion plans.

FinanceAsia's editorial team picks five of the biggest stories from the year across M&A, ECM, digital assets and Trump's tariffs.

Mutares is expected to acquire a majority stake in two manufacturing sites in China from Hwaseung; the signing of the deal is expected in Q4.

China’s new five-year plan for 2026–2030 marks a decisive policy shift, placing domestic consumption and reform at the core of its growth strategy.