The mood among global fund managers soured further in May, with investors flocking to cash amid concerns that a recession and credit crunch are looming, according to Bank of America Corp.’s latest survey.
Analysts are upgrading Swedish real estate stocks after recent selloffs have made them too cheap to ignore and as recent measures to shore up highly-leveraged balance sheets have improved some of their outlooks.
Baidu Inc.’s revenue rose a stronger-than-expected 10% after its advertising and cloud businesses benefited from China’s post-pandemic reopening.
Group of Seven countries are working on concrete ways to cooperate against economic coercion from China, US Ambassador to Japan Rahm Emanuel said just days ahead of the group’s summit.
Malaysia’s Deputy Prime Minister Ahmad Zahid Hamidi said the government does not see a need to declare a heat wave emergency despite the country currently experiencing a spell of hot weather, Malay Mail reported.
Skoda Auto AS is aiming to boost output to pre-pandemic levels in the next two to three years as the Czech Republic’s largest manufacturing company sees the worst of chip-supply difficulties behind the automotive industry.
China’s economic recovery is losing momentum after an initial burst in consumer and business activity early in the year, prompting calls for more policy stimulus to bolster growth.
Pakistan’s army said it will no longer show “restraint” with groups attacking its property and vowed action against those who were part of protests after Imran Khan’s arrest last week, escalating a showdown with the former premier.
A group of senior Tesla Inc. executives plan to visit India this week to meet with federal government officials in a newfound bid to deepen the carmaker’s supply chain in the country as it pushes to diversify beyond China.
Microsoft Corp.’s $69 billion takeover bid for games developer Activision Blizzard Inc. came back from the brink after the European Union gave its blessing for one of the biggest deals in history.
