Bloomberg Business

Dalda Foods Ltd., Pakistan’s largest cooking oil manufacturer, is planning an initial public offering in the country to bankroll the expansion of its production capacity.

China said its Covid-related death toll topped more than 12,600 in the week before the Lunar New Year holiday, while a top health official suggested more than 1.1 billion people had been infected since virus controls were abruptly dismantled late last year.

The Korean won’s near 17% rally since late October may be reaching its final stages as signs of a weaker economic outlook contrast with optimism over other emerging-market peers.

Russia’s defense ministry claimed advances in the Zaporizhzhia region, where fighting has intensified after a lull. Offensive operations “have resulted in taking more advantageous lines and positions,” the ministry said. Ukraine’s general staff said over 25 settlements in Zaporizhzhia Oblast area came under artillery fire in the past day.

The artist, and the setting of the brand new Atlantis the Royal resort, were thrilling. The audience, not so much.

Australian central bank chief Philip Lowe’s prospects for an extension of his role are far from clear-cut, according to economists, with some highlighting political hurdles to his reappointment.

Saudi Arabia-based management consultancy TAM Development Co. is planning an initial public offering later this year, in a test of whether investor demand for new share sales will carry through from last year.