A $10 Trillion Stock Market Rally Faces Crucial Test in Earnings
A near-$10 trillion rally for global stocks this year will face a make-or-break moment as hundreds of companies report earnings over the next few weeks.
Bloomberg Business
Kuwait Plans New Sovereign Investment Fund to Boost Growth
Kuwait plans to launch a new sovereign investment vehicle to invest in the local market and boost economic growth, according to the government’s latest work program.
South Africa’s Eskom Downgrades Power Cuts to Stage 2
South Africa’s state power utility, Eskom Holdings SOC Ltd., has downgraded power cuts due to improvements in storage dam levels as well as at open cycle gas turbines.
Fed Open to Another Rate Hike After Expected Increase This Month
Federal Reserve policymakers are primed to resume raising interest rates this month and remain open to a further increase later in the year.
Turkey Hikes Fuel Tax by 200% to Finance Earthquake Damages
Turkey boosted its fuel taxes by almost 200% on Sunday, a move that will magnify inflationary pressures and further strain household budgets.
South Korea Storms Leave at Least 46 Dead, Missing: Yonhap
At least 37 people have died and nine are missing in flooding and landslides across storm-battered South Korea, with heavy rainfall forecast to continue, Yonhap News Agency reported, citing the Central Disaster and Safety Countermeasures Headquarters.
UK Joins Pacific Trade Deal, Sees ‘Very Low’ Chance of US Pact
The UK signed a treaty to join a Pacific trade deal on Sunday, becoming the first new member since the framework came into force and shifting attention to a list of other applicants led by China.
US, China Seek Climate Reset With Kerry’s Beijing Trip
US Climate Envoy John Kerry arrived in China on Sunday for three full days of talks that will test the ability of the world’s top two greenhouse gas emitters to collaborate in the fight against global warming despite deep discord over other issues.
Netanyahu Leaves Hospital After Treatment for Dehydration
Israeli Prime Minister Benjamin Netanyahu was discharged from the Sheba Medical Center where he was treated since Saturday following dizziness caused by a day in the sun during an intense heat wave, his office said.
G-20 Latest: Yellen Sees China De-Escalation But Not on Tariffs
US Treasury Secretary Janet Yellen said she’s eager to build on recent improvements in US-China relations as finance chiefs from around the world gather in India to address global economic challenges in the coming days.
