China stepped up its intervention in the stock market, with the sovereign wealth fund increasing its stake in the country’s biggest banks for the first time since 2015, a move seen as having a limited impact.
Indian local funds have overtaken foreign investors as the biggest buyers of shares so far this year, helping provide an anchor to the market amid an uncertain global backdrop.
Intel Corp. Chief Executive Officer Pat Gelsinger has embarked on one of the largest factory-building sprees in chip-industry history, part of an audacious plan to revitalize the Silicon Valley pioneer. But he’s missing a key ingredient: enough paying customers.
A monthly report on US consumer prices due Thursday is set to muddy the picture for Federal Reserve officials trying to decide whether to hike interest rates again, especially as escalating conflict in the Middle East adds uncertainty, according to Bloomberg Economics.
Pioneer Natural Resources Co. Chief Executive Officer Scott Sheffield is capping a storied career — defined by a decades-long bet on shale that bucked the oil industry’s conventional wisdom — with a massive payout.
Apollo Global Management Inc. agreed to buy The Restaurant Group Plc, the owner of Wagamama, for £506 million ($623 million), after activist shareholders complained about the company’s strategy and ailing stock price.
Bank of Korea Governor Rhee Chang-yong said any potential widening of the Mideast conflict that spurs oil prices sharply higher could weigh on the bank’s growth forecast, but it’s too soon to gauge the impact at this point.
Power grid operators around the Baltic Sea are beefing up protection of subsea cables and other critical infrastructure after the suspected sabotage on a gas link between Finland and Estonia last weekend.
Templewater, a Hong Kong-based private equity firm, is nearing an agreement to buy a controlling stake in Luye Medical Group’s oncology and cardiology businesses in Singapore, people with knowledge of the matter said.
EasyJet Plc placed the biggest aircraft order in the discount carrier’s history, potentially buying as many as 257 jets from Airbus SE in a commitment valued at almost $20 billion as it seeks to benefit from booming travel demand and get its hands on planes that are rapidly selling out.
