Bloomberg Business

An Asian hedge fund is shorting some Chinese and Japanese automaker stocks on bets they will lose out to South Korean rivals in the global electric-vehicle race.

The Federal Reserve said it is stepping up scrutiny of lenders’ involvement in digital assets, the latest move by the US regulators to limit banks’ involvement in crypto.

Inflation is far from tamed despite hopes of a global easing, according to the investment chiefs of two Australian pension funds looking to private assets for protection.

Instant Brands, maker of the Instant Pot pressure cooker and Pyrex glassware, received court approval on Tuesday to borrow an additional $30 million to fund itself through bankruptcy.

A US plan to restrict investment in China is likely to apply only to Chinese companies that get at least half of their revenue from cutting-edge sectors such as quantum computing and artificial intelligence, people familiar with the matter said.

Airbnb Inc.’s challenge to a New York City law requiring hosts to register for an operating license was thrown out by a state judge, further tightening restrictions on short-term rentals in the most populous US metropolis.

Stocks trimmed losses as dip buyers emerged following a slide driven by worries about the financial system and the economy. Bonds rose.

Mizuho Bank was sued by a former New York-based vice president, who claims he faced discrimination as a non-Japanese worker.