Fewer German Companies Plan Price Increases in Coming Months
Cost pressures in corporate Germany appear to be easing, with fewer companies planning price increases during the coming months.
Bloomberg Business
Goldman No Longer Sees Euro-Area Recession as It Lifts Outlook
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Controversial China Diplomat Zhao Shifted From High-Profile Role
China has transferred a senior diplomat closely associated with the Foreign Ministry’s more confrontational shift in recent years to a new role, in the latest sign that Beijing is rethinking its so-called Wolf Warrior approach.
Markets Are Underestimating Inflation Again, BlackRock and Fidelity Warn
Some of the world’s largest asset managers such as BlackRock Inc., Fidelity Investments and Carmignac are warning markets are underestimating both inflation and the ultimate peak of US rates, just like a year ago.
Japan Banks Target End-January for Toshiba Bid Loan Decision
Top Japanese banks are targeting the end of this month to issue commitment letters for a loan that backs Japan Industrial Partners Inc.-led consortium’s takeover offer for Toshiba Corp., according to people familiar with the matter.
Olam Group Plans to List Agribusiness Unit in Saudi Arabia
Olam Group, one of Asia’s biggest agricultural commodity traders, will pursue a primary listing for its agribusiness unit in Singapore and a potential concurrent listing in Saudi Arabia as early as the first half of 2023.
Plea to Save Sinking Himalayan Town Reaches Top India Court
India’s top court will hear a petition next week seeking to halt construction of a hydroelectric project that it says is sinking the Himalayan town of Joshimath as the crisis reignites the development versus environment debate.
Nomura Senior Asian Bankers Depart Amid Dealmaking Downturn
Several senior dealmakers are leaving Nomura Holdings Inc. in Asia as the investment bank reacts to a slump in fees with broader global cuts, according to people familiar with the matter.
India Makes Power Plants Import Coal to Avert Looming Crunch
India has brought back requirements for power plants to import some of the coal they are using as it seeks to build stockpiles and avert electricity blackouts over summer.
World’s Biggest Chipmaker TSMC Misses Sales Forecasts as Demand Wanes
Taiwan Semiconductor Manufacturing Co. recorded its first quarterly revenue miss in two years, signaling the global decline in electronics demand is starting to catch up with the chip giant.
