Officials in Switzerland are pushing back against borrowing from FIFA after the football governing body’s loans, totaling 1.8 billion Swiss francs ($2 billion) to the capital Bern, drew criticism.
Japanese e-commerce giant Rakuten Group Inc. sold 250 billion yen ($1.9 billion) of bonds on Friday, giving the company an important injection of liquidity after it was cut further into junk by S&P Global Ratings last month.
Singapore home prices grew at the slowest pace in more than two years in the fourth quarter of 2022, adding to signs that the property boom is starting to moderate.
Fintech giant Ant Group Co.’s valuation was trimmed again by Fidelity Investments, more than two years after the Chinese government torpedoed its record initial public offering.
A fund manager at Amundi is scaling back a winning trade betting against Japanese government bonds even though he expects the central bank to eventually abandon its policy of keeping yields anchored.
The South African Reserve Bank may be gaining the upper hand on inflation, but risks including power outages that add to the costs of food production and doing business mean Governor Lesetja Kganyago is reluctant to pivot away from policy tightening.
Five people killed in shootings at two farms in Northern California this week were Chinese citizens, according to the Chinese consulate in San Francisco.
India’s government will look to maintain its pace of spending to bolster growth as it leans on asset sales while shunning subsidies to shrink the deficit, according to a survey of economists.
Hong Kong’s benchmark stock index has formed a so-called “golden cross”, a technical pattern seen as a bullish signal to some investors. The Hang Seng Index’s 50-day moving average has crossed above the gauge’s 200-day moving average, following the benchmark’s 54% rally since an October trough.
Rice prices are climbing, a sign that the food inflation shock that threw millions into poverty is still reverberating, even as the cost of wheat and other farm commodities has declined.
