Mackenzie Investments, one of Canada’s largest fund managers, is turning less optimistic about stocks and sees better value in bonds after the 13% rally for global equities in the first half.
Inflation throughout advanced economies has now slowed to the weakest since December 2021, though underlying price growth is showing a bit more strength, according to the OECD.
An energy storage startup backed by Contemporary Amperex Technology Co. Ltd. is considering a round of fundraising that would value it at as much as 6 billion yuan ($831 million) to fuel further growth amid the global clean-power transition, according to people familiar with the matter.
President Vladimir Putin told a regional security grouping that Russians were united behind his leadership in his first international appearance since the failed mutiny that posed the greatest threat to his almost quarter-century rule.
Lazard Ltd. fired a senior dealmaker following allegations of inappropriate behavior during a weekend party, according to people familiar with the matter.
Tesla Inc.’s China output increased almost 20% in June, contributing to the company’s record quarterly sales.
Jens Stoltenberg will serve another year as NATO secretary general after member states agreed to extend his term as the military alliance continues to confront Russia’s invasion of Ukraine, according to a statement on NATO’s website.
Credit Suisse’s private bankers are being told to dust off their resumes ahead of the selection of new managers following the takeover by UBS Group AG.
Rakuten Group Inc. has taken a step to list its online brokerage arm, as Japan’s e-commerce leader struggles to dispel concerns over its debt levels and ability to make mobile operations profitable.
Singapore payments company Nium Pte aims to break even in time for a US initial public offering within two years, a positive signal for Southeast Asia’s struggling startup ecosystem.
