Bloomberg Business

ABB Ltd. shares rose after the company doubled its revenue forecast for the year, saying a surge of new orders and higher prices point to better results.

The rebound in European equities since mid-March has failed to win over strategists, who predict that the sustained campaign of central-bank interest rate hikes will stall the rally.

The Philippine central bank amended its rules to encourage hedging against foreign-exchange risk, easing pressure on the peso which slipped to a four-month low last week.

Dalian Wanda Group Co. failed to meet a deadline to list shares of its management unit in Hong Kong for a third time, the latest setback for the Chinese conglomerate after its offshore bonds tumbled.

Nineteen countries expressed an interest in joining the BRICS group of nations as it prepares to hold an annual summit in South Africa.

The abnormal sense of calm signaled by Wall Street’s favorite volatility gauge could spell trouble for investors who see the market lull as an all-clear to buy stocks, according to JPMorgan Chase & Co.’s Marko Kolanovic.

Novartis AG raised its sales and profit forecasts for the year after a handful of new drugs helped first-quarter earnings beat estimates.

South Africa’s governing party has approved plans by the Electricity Minister Kgosientsho Ramokgopa to extend the use of Eskom Holdings SOC Ltd.’s coal-fired plants earmarked for decommissioning, in a bid to stave off an escalation in power cuts.

Discount grocers are winning over more British shoppers as a tenth month of double-digit food-price inflation cuts into household budgets.

Hyundai Motor Group and SK On Co. will spend as much as $5 billion in North America for the production of electric car batteries as President Biden’s green bill encourages companies along the EV supply chain to make investments there. Shares rose as much as 5% in Seoul.