Philips Falls After Reports It Responded Late to Apnea Warnings
Royal Philips NV shares continued their decline after news reports claimed the Dutch company was slow to act on complaints about its machines designed to treat sleep apnea.
Bloomberg Business
Germany Nears €20 Billion Deal to Buy Power Grid From Tennet
Germany is nearing a deal to buy its largest power grid from Dutch state-owned operator Tennet Holding BV within weeks, a move which could help ease the country’s transition to renewable energy.
PureGym’s Junk Bond Sale Marks Return for UK’s High Yield Firms
PureGym’s return to debt markets signals that junk-rated UK companies are able to raise funds to refinance — albeit at a price.
Fed and ECB Urged by Economists to Embrace Interest-Rate Pause
US and euro-zone policymakers have probably raised interest rates as far as they can without inflicting disproportionate damage on their economies, according to a quartet of leading female economists.
China Names Lan Fo’an as Party Chief of Finance Ministry
China appointed veteran official Lan Fo’an as the Communist Party chief at the Ministry of Finance, paving the way for him to become finance minister, which will give him responsibility over a plan to diffuse local government debt risks.
Saudis May Ease Oil Cuts Sooner Than Market Thinks, Rapidan Says
Saudi Arabia may be getting closer to declaring its oil-market mission accomplished than traders realize, according to Rapidan Energy Group.
China Gold Prices Plunge the Most Since 2020, Curbing Record Premium
Gold in China dropped the most in three years after Beijing permitted more imports, all but closing the gap with international prices that’s persisted for weeks.
Pound Bond Market Gets Longest Deal in Months as BOE Hits Pause
Days after the Bank of England called time on nearly two years of rate hikes, Suez SA is selling the longest-dated sterling corporate bond in six months.
Prosus’s New CEO Needs Answers to Same Old Problems
Prosus NV’s new interim CEO inherits a conundrum from his predecessor: how to bridge the yawning gap between the value of the company’s stock and its assets.
China’s Planemaker Gets $9.9 Billion Order for 100 C919 Jets
China Eastern Airlines Corp. ordered 100 C919 single-aisle planes from Commercial Aircraft Corp of China Ltd., dealing a potential blow to Boeing Co., which hasn’t had a large order from Chinese carriers in years.
