European Central Bank Governing Council member Ignazio Visco said inflation may come down more quickly than the institution projected last month as falling energy costs continue to affect a broader range of prices.
China’s Premier Li Qiang pledged the nation can strengthen climate action with Washington as he met John Kerry for the most high-profile talks scheduled during the US envoy’s visit to Beijing this week.
China’s flagging economic growth is “concerning” for Australia, Treasurer Jim Chalmers said, adding that it’s “quite remarkable” Beijing is grappling with the risk of deflation at a time when most nations are trying to restrain prices.
China’s property industry contracted again in the second quarter after a short-lived expansion in the previous three months, adding to the economy’s challenges.
A South Korean fund whose bets on stocks tied to electric vehicles helped it outperform most of its peers with a 50% return so far this year has turned bearish on the sector and is buying semiconductor-related shares instead.
Indus Capital Partners’s Japan funds are bullish on the retail and hospitality sectors, having grown assets by about 7% this year on net inflows from investors.
Dollar General Corp. committed “numerous and blatant” violations of federal labor law in its effort to defeat a unionization drive, including illegally firing an activist employee and making an implied threat to close a store, a US labor-board judge ruled.
Buyout firm Boyu Capital has agreed to acquire Quasar in a deal that values the medical device maker at more than $600 million, people familiar with the matter said, marking another transaction in the health-care sector which has become a rare bright spot for dealmakers.
Philippine President Ferdinand Marcos Jr. on Tuesday signed into law a bill creating a sovereign wealth fund, marking a key legislative win for his administration after months of debates and controversy.
(Bloomberg) — Australia’s central bank said the case to leave interest rates unchanged this month was the “stronger one” following a series of line-ball decisions as policymakers focused on the long lags of transmission and the risk of a sharper economic downturn.
