Bloomberg Business

A prolonged period of economic decline in the US will roil technology stocks at a time when they are attracting a weight of investor money, according to Bank of America Corp. strategists.

Richemont, the Swiss luxury goods maker that owns the Cartier brand, surged to a record as sales in China rebounded following the end of Covid Zero policies.

Bank of America Corp. will arrange a $500 million debt swap for marine conservation in Gabon, as these types of deals gain in size and popularity, according to people familiar with the planned transaction.

Crypto exchanges Huobi and OKX benefited after rival Binance curbed a zero-fee promotion and shed market share in the spot trading of digital assets, according to data from research company Kaiko.

The UK economy shrank unexpectedly in March as households turned more cautious and strikes hit activity across a wide range of sectors.

GSK Plc raised £804 million ($1 billion) selling a stake in Haleon Plc, the consumer health-care division it spun off as a separate company last year.

(Bloomberg) — The Federal Reserve will likely need to raise interest rates further and hold them higher for some time if US price pressures don’t cool off and the jobs market shows no sign of slowing, Governor Michelle Bowman said. 

Korea Electric Power Corp.’s Chief Executive Officer Cheong Seung-il offered to resign as the state-run utility announced a drastic financial overhaul to recover from its record operating losses.

The latest hot stock trade to emerge from China has found little enthusiasm among international investors.