China Evergrande Group received court approval to hold votes on its offshore-debt restructuring plan next month, the latest procedural step in an overhaul that now hinges on whether the defaulted builder can win more support from creditors.
Ocado Group Plc shares gained after Norwegian robotics company AutoStore Holdings Ltd. agreed to pay the UK company £200 million ($257 million) to settle a dispute over patent infringements regarding automated warehouses.
Emerging-market bond bulls are betting the imminent end of central bank interest-rate hikes will help power up the asset class. El Niño may have something to say about that.
Ryanair Holdings Plc lowered its full-year traffic prediction and said it may need to cut ticket prices to fill seats this winter as passengers become more cost sensitive.
The S&P 500’s high valuation is reasonable and could rise further this year as laggards of the index join the surge in winners from artificial intelligence, according to Goldman Sachs Group Inc. strategists.
Japan was one of the first countries in the world to formulate a national hydrogen strategy, pledging back in 2017 to innovate production, transport and storage technologies related to the cleaner fuel, which produces only water when burned.
India rejected Chinese carmaker BYD Co.’s proposal to build a $1 billion electric-vehicle plant in partnership with a local company, according to people with knowledge of the matter.
Germany and France kicked off the third quarter with contractions in their private-sector economies, with sustained weakness in manufacturing seeing increased spillover to services.
Singapore has launched an initiative to inform residents of heat stress levels and offer guidelines as rising temperatures heighten health risks.
Plunging margins for petrochemicals are set to take a bite out of Big Oil’s quarterly profits, adding to the pain companies are feeling from lower oil and gas prices.
