Polish Inflation Eases to Single-Digit Territory in September
Poland’s inflation edged into single digits in September, potentially giving the central bank scope to cut interest rates for a second consecutive meeting.
Bloomberg Business
Cellnex Agrees to Sell Nordics Stake for €730 Million
Cellnex Telecom SA agreed to sell a stake in its businesses in Denmark and Sweden for about €730 million ($772 million) in a drive to cut debt.
China Looks to Relax Data Rules to Allay Business Fears
China has proposed relaxing its strict rules on data flows abroad, in its latest move to allay foreign business concerns and revive faltering growth in the world’s second-largest economy.
Myanmar Resistance Leader Claims Majority Control Over Territory
The acting leader of Myanmar’s government-in-exile said resistance forces are in control of about 60% of the country’s territory and poised to threaten the ruling junta in key strongholds as fighting rages across the Southeast Asian nation.
Marcos Says Not Looking for Trouble, to Defend Territory
The Philippines will continue to defend its maritime territory and the rights of Filipino fisherfolk, President Ferdinand Marcos Jr. said in his first remarks since the Southeast Asian nation’s coast guard cut a floating barrier that China installed at a disputed shoal in the South China Sea.
Credit Suisse Flags $2.2 Billion Loss as Wind-Down Proceeds
Credit Suisse said it may incur $2.2 billion in losses in the third quarter as it exits more businesses following its acquisition by UBS Group AG.
Cinven to Buy Out German Lab Firm Synlab for $1.3 Billion
Cinven agreed to buy out Synlab AG for about €1.27 billion ($1.3 billion) two years after listing the German laboratory operator, which has been suffering from reduced demand for its testing facilities.
BOJ Acts to Slow Rising Bond Yields With Unscheduled Buying
The Bank of Japan announced an unscheduled bond-purchase operation Friday in a reminder to the market of its determination to manage the upward momentum in sovereign yields.
French Inflation Unexpectedly Eases, Despite Jump in Energy
French inflation unexpectedly slowed as smaller price increases for services and manufactured goods offset a government-controlled rise in energy costs.
Switzerland’s Top Party Wants Fewer People — Employers Need More
Switzerland’s biggest party has decided that the country only has room for 10 million people — just as businesses struggle to fill vacancies.
