Major Exporter Vietnam Tells Some Rice Farmers to Plant Early on Drought Risks
Major rice exporter Vietnam has asked some farmers to plant their crop early on concerns about a water shortage, in part due to El Niño.
Bloomberg Business
Beijing Tells Major Oil Refiners No More Fuel Export Quota in 2023
The Chinese government has told the country’s major oil refiners not to expect any more fuel export quotas this year, according to people with knowledge of the matter.
Micron Is Set to Drop on Forecast for Worse-Than-Expected Loss
Micron Technology Inc. fell as much as 5.5% in premarket trading after predicting a steeper loss than anticipated in the current quarter, indicating that an industry slump is still weighing on the largest US maker of memory chips.
Orange Debuts €50 Million Ship to Fix Undersea Internet Cables
French telephone carrier Orange SA christened a new €50 million ($53 million) vessel, the Sophie Germain, strengthening the company’s out-sized role in the business of fixing undersea internet cables when they break.
Banks Vie for $50 Billion Bond Market Left by Credit Suisse
Rival banks are flooding into a Credit Suisse-shaped hole in a resurgent market for arranging Swiss franc bond sales.
Ryanair Loses Top EU Court Fight Over SAS’s Pandemic Aid
Ryanair Holdings Plc failed to topple the European Union’s approval for Swedish and Danish aid to SAS AB in the latest round of its attack on allegedly unfair bailouts to rival carriers during the Covid-19 pandemic.
UBS Invites Bidders for Credit Suisse’s China Brokerage Business
UBS Group AG has reached out to a number of financial firms to gauge their interest in buying the Chinese brokerage venture of Credit Suisse, according to people familiar with the matter.
Kenyan Central Bank Made Forex Blunders, Treasury Chief Says
The Kenyan shilling’s sharp slide against the dollar follows years of policy missteps at the central bank, according to Treasury Secretary Njuguna Ndung’u.
German Economy to Shrink 0.6% in 2023 Before Wages Drive Rebound
Germany’s economy is on course for its first full year of contraction since the pandemic, new forecasts showed, though rebounding consumption should spur a recovery in 2024.
India Pursues Gaming, Insurance Firms Over Alleged Tax Evasion
Indian authorities sent a $208 million tax demand to a private insurer, the latest in a growing list of firms slapped with similar notices as the government intensifies its crackdown on alleged evasion.
