The European Central Bank may need to lift interest rates after the planned increase in July that many analysts expect to be the last in this cycle, according to Governing Council member Martins Kazaks.
India’s Federal Bank Ltd. is holding off on a stake sale in its non-banking financial unit that could have raised as much as 20 billion rupees ($244 million), according to people familiar with the matter.
Kering SA, the owner of Gucci, agreed to buy perfume maker Creed in an all-cash deal as the luxury conglomerate expands in the market for high-end fragrances.
China is pushing back against mounting investor pessimism toward the world’s second-largest economy.
Israeli Prime Minister Benjamin Netanyahu plans to meet President Xi Jinping in China for the first time in six years, according to the Times of Israel.
Japan’s armed forces have been testing the Starlink satellite communications network from Elon Musk’s SpaceX since March, the defense minister said, confirming an earlier report in the Yomiuri newspaper.
China Huarong Asset Management Co. took over a joint venture with Dalian Wanda Group Co. via capital injection, sending the Chinese property firm’s dollar bonds higher amid its efforts to shore up liquidity.
Japan extended the term of its top currency official Masato Kanda for another year, in an unusual move that keeps the man behind last year’s $65 billion intervention strategy in place during a renewed bout of yen weakness.
President Volodymyr Zelenskiy said Ukrainian troops had advanced “in all directions” across the frontline after visiting his government’s forces in the country’s east and south.
Former President Donald Trump is heard discussing what he calls “secret information” that he says he doesn’t have the power to declassify in an audio recording of a 2021 meeting in New Jersey, after he had left the White House.
