Bloomberg Business

China’s top-performing mutual fund is positioning for a recovery in onshore equities, with artificial intelligence stocks as its main bet.

The inquiry comes in the wake of high-profile scandals in the sector.

Ericsson AB beat second-quarter earnings forecasts, as growth in India helped offset weak sales in more established markets like the U.S.

Cathay Pacific Airways Ltd. said it will provide bonuses of up to six weeks pay to employees after announcing that its net income for the first half of 2023 could reach as high as HK$4.5 billion ($576 million) as it bounces back from Covid.

The Yamuna river has spilled onto roads surrounding Delhi’s historic Red Fort, reclaiming its ancient flowpath as India’s capital is hit by severe flooding.

Australia’s incoming central bank chief Michele Bullock faces a challenging initiation to the role as she moves to implement recommendations from a review of the Reserve Bank, former Governor Bernie Fraser said.

On June 16, the same day Secretary of State Antony Blinken was set to fly to Beijing for meetings with senior Chinese officials, the State Department he oversees reported anomalous activity to Microsoft that the tech firm later blamed on China-based hackers.

The Philippines is planning its debut in the Islamic bond market as it looks to fund its budget deficit, Finance Secretary Benjamin Diokno said.

Global carry traders are facing a growing sense of anxiety toward anything that threatens to derail one of 2023’s hottest investments.

Germany’s coal companies are following large multinational miners in cleaning up their image, with critics concerned that restructuring plans may set the stage for emissions to rise further.