Bloomberg Business

South Korea’s pace of inflation eased in July to the slowest in more than two years, offering more evidence that the central bank is gaining ground in its effort to cool price growth.

Advanced Micro Devices Inc. gained in late trading after the chipmaker topped second-quarter estimates and touted inroads in artificial intelligence computing, putting it in closer competition with Nvidia Corp.

Biden administration officials objected strenuously to a decision by Fitch Ratings to strip the US of its top-tier credit rating on Tuesday and sought to control the political and economic fallout.

Credit Suisse Group AG is closing its office in Houston as part of the bank’s emergency takeover by UBS Group AG, according to people with knowledge of the situation.

Britain’s energy industry will sit down with Energy Security Secretary Grant Shapps on Wednesday to discuss energy security and accelerating investments into low and zero carbon projects.

Donald Trump has been indicted in Washington on federal charges over his efforts to overturn the 2020 presidential election, the third politically explosive criminal prosecution of the former president as he makes his latest run for the White House.

Starbucks Corp.’s quarterly sales fell short of analysts’ estimates as traffic growth slowed in the US. Higher prices and add-ons to beverages helped bolster profit.

Seven years since Japan embarked on a highly unorthodox monetary experiment that helped pin down borrowing costs on Wall Street and beyond, the nation’s central bank is loosening its vice-like grip on domestic bond yields — with potentially profound consequences for high finance and households across the US.