South African Inflation Slows Back Within Central Bank Target
South Africa’s inflation rate fell below the central bank’s target ceiling for the first time in 14 months, on lower food costs.
Bloomberg Business
Sweden Home Starts Indicator Hits 9-Year Low After Price Slump
An indicator of Sweden’s residential construction declined to the lowest level in almost nine years as one of the world’s worst housing price slumps takes a toll on activity.
US Says Soldier Fled to North Korea After Facing Expulsion
North Korea detained a US soldier who intentionally crossed the border from South Korea in an apparent effort to escape being sent home after being charged with assault, according to an American official.
Jaguar Owner Tata Picks Britain for £4 Billion Battery Plant
Tata Group plans to build a £4 billion ($5.2 billion) battery plant in the UK to supply electric vehicles made by Jaguar Land Rover Automotive Plc, in a win for Britain’s struggling car industry.
Gucci Shakeup Sends Kering Shares Higher on Brand Rebound Bets
Kering SA shares rose the most in eight months on optimism the departure of Gucci Chief Executive Officer Marco Bizzarri will mark a step toward reviving the once high-flying Italian label.
ECB to Push Banks for Weekly Liquidity Data as Scrutiny Grows
The European Central Bank plans to substantially tighten how it monitors liquidity after several bank runs in the US and Switzerland heightened concerns about a risk that several regulators say hasn’t received sufficient attention.
Meet the Billionaire Who Convinced Messi to Pick MLS Over Saudi Arabia
Billionaire Jorge Mas persuaded the world’s biggest soccer star to join a bottom-of-the-barrel team that’s languishing in last place in its league.
Farage Rails Against Coutts as Lender Defends Review Process
Nigel Farage has said parts of the internal documents about him compiled by his longtime bank Coutts call for his account to be closed because he does not support the diversity, policies and purposes of the bank, a claim likely to increase the pressure on lenders to clarify their reasons for shunning certain customers.
Singapore Opposition Lawmaker Quits as Political Scandals Mount
Singapore’s main opposition party announced that lawmaker Leon Perera resigned following an affair with a colleague just days after two ruling party members of parliament stepped down over a similar inappropriate relationship.
China Poses ‘Alarming’ Threat to US Grid, Lawmakers Told
China represents an increasing threat to the US power grid, lawmakers were told Tuesday during a hearing in which they were warned a cyberattack from the nation could plunge military and other sensitive sites into darkness.
