Fosun International Ltd. agreed to sell its 60% stake in the parent company of Nanjing Iron & Steel Co. to a firm owned by CITIC Ltd., after terminating an earlier plan to offload the holding to Jiangsu Shagang Group Co.
Of all the top Wall Street strategists who predicted a rocky first half for equity markets back in December, many warned about mounting economic and profit risks from higher interest rates, but no one saw the turmoil in the banking sector coming.
Syria reported the third airstrike by Israel in four days early Sunday, as Israeli Prime Minister Benjamin Netanyahu vowed to pursue his country’s enemies “on all fronts.”
Bulgarians are voting in their fifth election in two years, seeking to end turmoil that has paralyzed the political system and put at risk European Union unity over Russia’s invasion of Ukraine.
Kamala Harris’s trip to Africa, at turns eliciting deep reflection from the historic US vice president, offered a chance for her to reconnect with Black Americans whose support is crucial for her and President Joe Biden’s looming reelection bid.
The current version of the combustion-engine Volkswagen AG Golf model will probably be the last as markets shift toward electric vehicles, according to VW’s brand chief.
Investment in Israeli tech companies has dropped to the lowest quarterly rate in nearly five years, a result of the global downturn in tech investment and fierce protests in Israel over a government plan to rein in the judiciary, a report released Sunday says.
(Bloomberg) — India’s unemployment rate climbed to a three-month high of 7.8% in March amid concerns a global slowdown will hurt Asia’s third-largest economy.
Weeks of gut-wrenching turmoil are keeping investors on the lookout for further volatility explosions, despite the uneasy calm that’s recently descended on world markets.
Norway’s sovereign wealth fund will vote against the reelection of several Credit Suisse Group AG directors, including chair Axel Lehmann, at the bank’s annual investor meeting, it said on its website.
