China is rolling out the red carpet for global business leaders including Jamie Dimon and Elon Musk, seeking to allay fears the world’s second-largest economy is becoming more hostile toward foreign capital.
About two weeks after the Taliban retook Afghanistan in 2021, the then head of Pakistan’s spy agency arrived at one of Kabul’s plushest hotels, smiling, sipping tea and appearing at ease with the militants’ return to power.
As foreign exchange traders shift their books to bet on interest-rate cuts, the Philippine peso looks set to emerge as a winner: historically it’s been the least affected by monetary easing among Southeast Asian currencies.
Foreigners bought the most South Korean bonds in two years as wagers on the central bank turning dovish increased with a deteriorating economic outlook for its largest trading partner.
C3.ai Inc. plunged 20% in extended trading after providing a fiscal-year revenue outlook that fell short of analysts’ estimates, fueling concerns the artificial intelligence software company is not living up to the investor enthusiasm that has seen its stock price more than triple this year.
British business confidence stabilized at “just below neutral” in May, with executives fearful that the shocks roiling the economy are far from over, a survey found.
British motorists are adopting electric cars much more quickly than expected, leaving a growing gap in the £32 billion ($39.7 billion) a year the Treasury collects from fuel duties.
Former JPMorgan Chase & Co. executive Jes Staley is scheduled to be deposed starting June 10 in litigation over the bank’s ties to Jeffrey Epstein, according to people familiar with the matter.
Mexico’s central bank will hold interest rates at a record-high for at least the next two meetings before beginning to consider easing, bank Governor Victoria Rodriguez said Wednesday.
Lucid Group Inc. is raising about $3 billion in a common stock offering with the majority of the money coming from the electric vehicle maker’s Saudi owners after a more than 60% stock slump in the last year. The shares plunged more than 7% in extended trading.
