Ukraine Recap: Kharkiv Region Shelled as NATO Chief Extends Term
At least 31 people, including nine children, were wounded by Russian shelling in the town of Pervomaiskyi in Ukraine’s northeastern Kharkiv region, according to local authorities.
Bloomberg Business
Odey Lifts Suspension on James Hanbury’s Developed Markets Fund
Odey Asset Management has lifted the suspension of a fund managed by James Hanbury, signaling its growing confidence that the outflows at the investment firm can be managed.
Markets Roar Approval for Embattled South Asian Economies
At last investors in some of South Asia’s most depressed financial markets have something to celebrate.
European Power Prices Go Below Zero Again as Solar Output Surges
European power prices fell below zero again as production from solar farms overwhelms the grid early in the afternoon.
Petrobras Switches From Asset Seller to Buyer as Debt Slumps
Buoyed by the response to its first bond issue in two years, Petroleo Brasileiro SA is considering issuing more debt this year and is poised to buy assets after spending most of the past decade selling refineries and oil-exploration blocks.
German Defense Supplier Renk Weighs IPO, Private Sale
Renk GmbH is advancing plans to raise capital — possibly through an initial public offering or private share sale — as the military gearbox maker looks to expand amid Germany’s pledge to increase defense spending in the coming years.
RBC BlueBay Bets BOE Rate Rises Are Overdone and Warns of Crisis Risks
RBC BlueBay Asset Management LLP is betting the Bank of England won’t raise interest rates as much as anticipated for fear of triggering a crash in the housing market.
Barclays Hires Banker in Drive to Find More Asian Millionaires
Barclays Plc hired Nitin Singh to lead its Asia private bank in a newly created role that brings businesses in Singapore and India under one chief.
French Insurance Lobby Says Cost of Riots Is $305 Million So Far
French insurers have so far received around 5,900 claims worth a total of some €280 million ($305 million) resulting from damage caused during a week of riots following the police shooting of a teenager.
Australian Fossil Fuels Giants Severely Underestimate Methane Leaks
Fugitive — or hidden — methane emissions in the country are likely underestimated by 80% for coal and 90% for oil and gas, a new report from IEEFA says.
