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.

The bank's shares climbed as it beat analysts' expectations despite facing a commercial real estate charge of $700m in Hong Kong. Chairman Brendan Nelson is confident of growth in Asia this year.

SC's operating profit grew 6% last year; Zurich Australia snaps up life insurer ClearView; Citi Vietnam appoints Thai Nguyet Minh as head of markets.

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.

SIngapore Exchange's trading turnover jumped 66% in January with strong activity from both retail and institutional investors.

Banks are abandoning the narrative of energy scarcity as AI drives a huge pivot towards energy abundance and infrastructure dominance, including in Asia.

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

It is the first Hong Kong dollar issuance by the South Korean investment firm.

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.