Thailand needs to install a new coalition government headed by Pita Limjaroenrat at the earliest to allay investor concerns and stem an exodus of foreign funds from the nation’s stocks and bonds, according to Srettha Thavisin, a leader of the Pheu Thai Party.
Aliaxis SA has dropped its pursuit of Uponor Oyj after the Finnish plumbing-equipment maker accepted a rival €2.1 billion ($2.3 billion) bid from Georg Fischer AG.
Continuing to untangle itself from the legacy of Covid, Cathay Pacific Airways Ltd. offered its junior pilots the chance to redeploy to low-cost unit HK Express where they can work as first officers for about two years.
France moved closer to securing a carve-out from the European Union’s plans to massively scale up renewable energy this decade in order to better account for its nuclear sector.
Chinese Foreign Minister Qin Gang told Secretary of State Antony Blinken the US should stop hurting China’s security interests in the name of competition in a call before the American official’s expected trip to Beijing.
South Korea is pressing to restore a summit with the leaders of China and Japan despite a diplomatic rift that’s led some parliament members of President Yoon Suk Yeol’s party to call for the expulsion of Beijing’s envoy.
Germany’s ProSiebenSat.1 Media SE tamped down talk of a merger with Silvio Berlusconi’s MFE-MediaForEurope NV, after the death of the Italian media mogul and former prime minister this week.
The UK economy bounced back in April as strong growth in the retail and creative industries sectors offset a slowdown in construction and manufacturing.
Toyota Motor Corp. posted its biggest two-day gain in three years, fueled by an aggressive messaging campaign around the Japanese carmaker’s electric-vehicle strategy, a drama-free shareholders’ meeting and a broader global stock rally.
China’s unexpected decision to cut one of its key short-term policy rates is giving fund managers a reason to return to the nation’s bonds after trimming holdings every month this year.
