The threat of Russian aggression towards Ukraine’s Black Sea ports and ships will force the country to export its enormous quantities of grain by river, road and rail — all of which are fraught with challenges.
Russia is poised for its first interest-rate hike since emergency measures taken after the invasion of Ukraine almost 17 months ago, as a stretch of steep currency depreciation forces the central bank’s hand.
Russia’s navy said it had conducted a live fire exercise in the Black Sea after trading threats with Ukraine in which both sides warned they could target any ships heading to the other’s ports.
JSW Steel Ltd.’s quarterly profit surged almost three times, driven by higher volumes, lower input costs and increased consumption in the local market. The company’s shares climbed to a record.
Ramsay Health Care Ltd., Australia’s biggest private hospital operator, and Sime Darby Bhd., one of Malaysia’s oldest conglomerates, have kicked off the sale of their hospital unit and are seeking a valuation of as much as $1.5 billion, people with knowledge of the matter said.
Safran SA agreed to buy an aerospace business from Raytheon Technologies Corp. in cash for an enterprise value of $1.8 billion, adding flight-control and actuation activities alongside 3,700 employees.
(Bloomberg) — Britain’s hottest June on record helped lift retail sales, pushing consumers into department stores and supermarkets to spend on everything from food to furniture.
Hong Kong’s bid to wipe a controversial protest song from the city’s internet is flashing fresh warnings signs for businesses that the once-freewheeling international hub is tracking closer to mainland rules.
Unprecedented price swings this week in the bonds of one of China’s most closely watched property firms, after it gave shifting messages to investors, are fueling broader governance concerns in the nation’s junk note market.
A move by Volkswagen AG’s Audi division to partner with SAIC Motor Corp. to develop electric vehicles marks a turning point in China’s automotive industry from learning from foreign manufacturers to innovating its own technology.
