Bloomberg Business

Chinese stocks are ending July on an optimistic note as Beijing showcases its determination to shore up an economy that’s lost steam in recent weeks.

China is seeking to boost consumption to spur the economy’s recovery, although the government has stopped short of providing direct fiscal support to consumers and companies to increase spending.

Italy’s economy unexpectedly contracted in the second quarter, a setback for premier Giorgia Meloni’s government as it tries to sustain prosperity and cut debt.

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Authorities in the southern Chinese city of Guangzhou canceled a TEDx event over what the organizers said was concern about foreign influence.

India’s banking regulator is nudging Kotak Mahindra Bank Ltd. to select someone outside the lender’s ranks to succeed billionaire founder Uday Kotak as the next Chief Executive Officer, according to people familiar with the matter.

Russia’s oil firms are setting a record pace in their drilling this year, even as the country has agreed with OPEC+ to make longer production cuts.

Morgan Stanley hired Gillian Sheldon in a leading role for its British investment bank in the latest high-profile departure from Credit Suisse since its emergency takeover by UBS Group AG.

A $2.6 billion deal announced last week has set the stage for a potentially landmark shift in the metal and mining investment landscape: the arrival of Saudi Arabia as a pivotal player.