Traders have piled into exchange-traded funds covering oil to metals and grains as investors wager that the global economy is set to avoid a painful recession, despite the prospect of higher interest rates.
As drugmakers in the US steel for price negotiations ushered in by President Joe Biden’s Inflation Reduction Act, their experience in China, where such talks started almost a decade ago, could offer some insight into just how low costs may go.
China’s services activity expanded at a faster pace than expected in July, a private survey showed, a sign of resilience for one of the economy’s main growth drivers this year.
Juul Labs Inc., the e-cigarette company that almost went bankrupt last year, is seeking to raise about $1 billion, according to people familiar with the matter.
The North Korean government reached out to the UN “just in the last 48 hours” to acknowledge the presence of Private Second Class Travis King, the US Army soldier who bolted across the border from South Korea last month, according to the US State Department.
Australia’s monthly trade surplus widened in June as iron-ore shipments gained while overall exports slid less than imports.
Hong Kong’s private sector activity contracted in July for the first time this year, providing further proof of the slowdown in the financial hub’s post-Covid recovery.
Japan can’t yet declare it’s beaten deflation, and the central bank will therefore need to retain its ultraeasy monetary settings even after it loosened its grip on bond yields, according to a key lawmaker behind the nation’s decades-long quest to fight falling prices.
Taiwan shut its financial markets Thursday with Typhoon Khanun forecast to bring torrential rain to much of the northern coast as it sweeps past the island.
The Japanese government will pay for a significant part of a second Taiwan Semiconductor Manufacturing Co. factory in southern Kumamoto, according to the leaders of the ruling party’s lawmaker coalition on chips.
