Strong Currency, High Rates Help Slow Sri Lanka’s Inflation
Sri Lanka’s inflation eased in April amid a higher borrowing rate and a stronger local currency that helped reduce import costs.
Sri Lanka’s inflation eased in April amid a higher borrowing rate and a stronger local currency that helped reduce import costs.
Just as China’s leaders look to attract more overseas investment, expatriates in the world’s second-biggest economy are becoming worried about a potential fresh wave of probes targeting foreign companies.
Chinese leaders kept their economic policy stance largely unchanged, signaling it’s too early to pivot toward tighter monetary and fiscal measures or push contentious economic reforms as growth rebounds.
PetroChina Co. surprised with higher first-quarter earnings as China’s economic recovery bolsters oil demand even as crude prices fell.
Mitsubishi UFJ Financial Group Inc. said its brokerage venture sold Credit Suisse Group AG’s riskiest bonds to help clients diversify their portfolios, as the firm tries to explain what led to $700 million of losses for customers.
A growing body of contrarians has a warning for the market majority betting on a continued euro rally: the energy crisis that sent the common currency tumbling last year is far from over.
Chinese and Philippine ships came close to collision in the South China Sea on Sunday, in yet another sign of continued tensions over contested waters as both sides accused one another of intrusion and provocation.
Remy Cointreau SA shares fell after the French distiller reported weaker-than-expected revenue in its fiscal fourth quarter and warned of a significant first-half sales decline in the US this year.
TotalEnergies SE asked shareholders to vote against an investor resolution calling for the French energy giant to target a reduction in the carbon emissions of its customers.
Taiwan’s economy plunged into recession after shrinking at the fastest pace since the global financial crisis, a sign of how the dropoff in global demand for chips has showed little sign of abating.