French inflation eased to its lowest level in a year, though Italy overshot analyst expectations, underlining the challenge for the European Central Bank as it nears the end of its unprecedented campaign of interest-rate hikes.
Prime Minister Giorgia Meloni has just five months left to find a new Bank of Italy chief in what may be the one of the most significant appointments she gets to make.
South Korea’s equity benchmark flirted with bull market territory as a global investor frenzy for all things tied to artificial intelligence saw foreign funds accelerate purchases of the nation’s chipmakers.
Thailand’s central bank raised its benchmark interest rate to the highest level in eight years, while making a case for retaining a tightening bias to anchor inflation firmly in the tourism-fueled economy.
Boutique merger and acquisition firms have just found another potential buyer.
Dalian Wanda Group Co. is in talks with prospective buyers including ByteDance Ltd. for its Chinese payments unit, as the tourism-to-retail conglomerate tries to shore up its liquidity, people familiar with the matter said.
Prudential Plc Chief Financial Officer James Turner resigned on Wednesday amid a probe into a code of conduct matter related to a recent recruitment situation, with the firm saying he didn’t meet its standards.
China’s economic recovery weakened in May, raising fresh fears about the growth outlook and prompting calls for more central bank action to counter the downturn.
The US accused several Chinese companies of shipping machines that make counterfeit pills to the US and Mexico, and hit more than a dozen entities with sanctions as it looks to crack down on a trade officials say is contributing to the opioid crisis.
A moment of reckoning is approaching for Vedanta Resources Ltd. Indian billionaire Anil Agarwal’s miner has $2 billion of bonds due in 2024 — a record annual bill for the company. While the group settled some debts on Wednesday, pricing data indicate investors have lingering concerns about repayments down the road.
