Prices of dirtier, sludgier oil in Asia are surging, flipping the premiums usually commanded by lighter crudes and offering further evidence that Saudi Arabia’s prolonged supply cuts are tightening the market.
The divergence between different Pakistan bond maturities has been widening since news emerged last month of an International Monetary Fund cash injection, showing investors remain unconvinced about the nation’s ability to pay long-term.
(Bloomberg) — China’s youth unemployment rate hit a record in June — marking a third consecutive month above 20% — and the government warned the situation may get even worse as new graduates start looking for work.
China’s property investment contracted at a steeper pace in the first half of the year, underlining the sector’s deepening downturn as policymakers pledge more support.
Singapore’s home sales slumped last month to the lowest since December as a lack of sizable launches and the government’s latest cooling measures kept potential buyers at bay.
National Australia Bank Ltd. blocked some payments to “high-risk” crypto exchanges, joining the country’s other big lenders in curbing access to digital-asset platforms on concerns about risks from scams.
The former Italian telephone monopoly is in talks to sell off its crown jewels to pay down a mountain of debt.
Japan plans to propose a global stockpile for natural gas, similar to the emergency reserve in the oil sector, to help avoid future shortages and stabilize prices.
Raisin, a German financial technology firm that helps savers find better rates, is betting that the end of cheap central bank cash will prompt lenders to seek alternate funding, boosting the amount of money sourced via its platforms.
Surging interest rates have triggered vastly divergent reactions from European homeowners, with Spaniards rushing to pay off mortgages, while Germans are pulling back.
