OPEC+ announced a surprise oil production cut of more than 1 million barrels a day, abandoning previous assurances that it would hold supply steady and posing a new risk for the global economy.
One of India’s biggest debt fund managers is taking a contrarian bet on short-duration bonds, arguing that the central bank won’t roll back its rate hikes anytime soon.
Mitsubishi UFJ Financial Group Inc. is delaying the sale of an additional tier 1 bond until at least mid-May following a selloff in such debt globally, triggered by writedowns at Credit Suisse Group AG.
As European Commission President Ursula von der Leyen sat in the Oval Office last month she gushed before the cameras about the US Inflation Reduction Act. “It’s great that there’s such a massive investment in wind and clean technologies now,” she said of America’s green awakening.
Economists are divided over whether the Reserve Bank of Australia will raise interest rates for an 11th consecutive meeting or pause its most aggressive tightening cycle since 1989 amid cooling economic momentum.
Hanwha Aerospace Co. is building South Korea’s first commercial rocket with an ambitious target: matching Elon Musk’s SpaceX in price within the next decade.
When French President Emmanuel Macron meets with Xi Jinping in Beijing this week, he’ll try to convince his Chinese counterpart to change his stance on Russia’s invasion of Ukraine while also clarifying a delicate trade relationship that’s become increasingly contentious.
The New York Times has lost its Twitter verified badge, after attracting the ire of billionaire owner Elon Musk over its refusal to pay for the privilege.
The decision by the Organization of Petroleum Exporting Countries and its allies to slash its oil output came as a huge surprise to the market, given earlier rhetoric from group leader Saudi Arabia that it would stand pat on production. The move has brought concerns around inflationary pressures back to the fore, adding to worries that higher prices and an aggressive monetary tightening by central banks could tip the global economy into recession.
Trustar Capital is considering selling Amoy Food Ltd., the 115-year-old Hong Kong soy sauce maker, according to people familiar with the matter.
