Bloomberg Business

The Riksbank delivered another half-point hike in borrowing costs and pledged one more salvo, with the dovish outlook slamming the krona.

Russia took control of utilities owned by Finland’s Fortum Oyj and Germany’s Uniper SE, the first such move from the Kremlin in retaliation for asset freezes by European countries over its invasion of Ukraine.

First Republic Bank is exploring divesting $50 billion to $100 billion of assets as the beleaguered lender attempts to rescue itself from the turmoil that engulfed the industry last month.

Ping An Insurance (Group) Co., China’s second-largest insurer by market value, said first-quarter profit jumped as the nation’s economic recovery boosted demand and investment returns.

China approved a newly revised anti-espionage law as President Xi Jinping seeks to bolster national security amid a range of tensions with the US.

Mortgage applications for US home purchases increased for the second time in three weeks despite a pickup in mortgage rates, suggesting underlying housing demand is stabilizing.

Lithium prices in China halted a five-month slide on signs that demand growth among battery makers may finally gather pace.

OPEC should be wary of bolstering oil prices as it could hurt the global economy and accelerate the transition away from fossil fuels to clean energy, the International Energy Agency said.