US asset manager PineBridge Investments is using India’s recent market selloff to start buying stocks for its multi-asset portfolios, wagering that explosive corporate governance allegations against the Adani conglomerate won’t derail a growth and manufacturing boom.
The US plans to announce “sweeping sanctions against key sectors that generate revenue” for Russia, including the country’s banking, defense, and technology industry on Friday, White House Press Secretary Karine Jean-Pierre told reporters. In addition, officials said a new package of about $2 billion in US security assistance will be announced.
The US Securities and Exchange Commission said Elon Musk is reading too much into his win at a securities fraud trial in San Francisco if he thinks the result has any bearing on his 2018 deal with the agency requiring a Tesla Inc. lawyer to screen his company-related tweets.
Lithium producers in Australia saw profits surge on the back of high prices last year, avoiding a slump in earnings by other metal miners.
Grab Holdings Ltd. plunged its most in almost five months despite bringing forward its profitability target, reflecting concerns about slowing growth as the Southeast Asian ride-hailing and food-delivery provider trims spending.
Billionaire Governor J.B. Pritzker vaulted Illinois into a higher tier of credit ratings for the first time since 2016 after working to improve the state’s beleaguered finances.
An uncrewed Russian spacecraft launched from Kazakhstan early Friday local time, serving as a lifeboat for three astronauts currently on board the International Space Station that will allow them to return to Earth safely after a delayed homecoming.
The access House Speaker Kevin McCarthy is giving Tucker Carlson to US Capitol security video surrounding the Jan. 6 insurrection will not enable Republicans to “unwind the truth” of that day’s violence, a senior congressional Democrat said.
Digital asset startup MoonPay has appointed former Coinbase Global Inc. executive Asiff Hirji as its new president, the company plans to announce Wednesday. Hirji aims to continue the company’s push into the nonfungible token market.
Japan’s inflation accelerated beyond 4% to set a fresh four-decade high, underscoring the challenges lying ahead for Bank of Japan Governor nominee Kazuo Ueda just before his first major public appearance since he was tapped by the government.
