Uniqlo Owner’s Profit View Tops Estimates on Overseas Growth
Uniqlo owner Fast Retailing Co. forecast operating profit ahead of analysts’ projections for the current fiscal year, citing robust sales in both home and overseas markets.
Bloomberg Business
Barclays CEO Warns Banking Deal Revival Still Some Way Off
Stagnant deal flows are set to continue a while longer
China Expands Clampdown on Offshore Brokers Targeting Locals
China has told its securities firms and their offshore units to stop conducting illicit cross-border business, including brokering shares and selling funds to domestic investors, in a bid to plug regulatory loopholes.
Japan to Seek Dissolution of Church Cited in Abe’s Killing
Japan’s government will ask a court to order the disbandment of the fringe religious group whose activities were cited as motivating the assassination of former Prime Minister Shinzo Abe.
Current ECB Interest Rates Will Bring Inflation to Target, Centeno Says
European Central Bank Governing Council member Mario Centeno said he’s confident that current monetary-policy settings will bring inflation back to the target.
Russia Uber Rival Probed Over Fears Secret Service Gets Data
Russian ride-hailing app Yango is under investigation over concerns that it’s a conduit for President Vladimir Putin’s secret service to gather data on customers in Europe.
Goldman Executive Maps Path to Duck Hedge Funds’ ESG Attacks
As short sellers target traditional green stocks being hammered by inflation, an executive at the fund management arm of Goldman Sachs Group Inc. says there’s one kind of ESG asset that has what it takes to defy such headwinds.
Oil Price Drop Reflects Demand Destruction, IEA Says
Oil’s retreat from almost $100 a barrel shows that prices climbed high enough to start eroding demand in the US and elsewhere, according to the International Energy Agency.
EU Top Envoy Set For Tense Talks in China After Hamas Attack
The European Union’s top diplomat has waited all year for the right moment to visit China. Now, he’s finally arriving with the differences between Brussels and Beijing looking larger than ever.
South Africa Wants to Hand Operation of Rail, Ports to Business After $27 Billion Hit
The South African presidency has a plan to reverse the collapse of a state-run ports and freight-rail sector that’s cost the economy at least $26.7 billion since 2010: hand over most of the responsibility for fixing it to the private sector.
