Bloomberg Business

(Bloomberg) — Bank of Japan Governor Kazuo Ueda stuck with his cautious stance on the outlook for inflation, reinforcing the message he delivered last week indicating an end to negative interest rates isn’t around the corner.

Saudi Arabia’s Lumi Rental Co. surged as much as 30% on trading debut after a 1.09 billion riyal ($290 million) initial public offering, showing demand for listings remains resilient after a slow first half of the year.

The chief executive of SBB, the company at the center of Sweden’s property crisis, says more capital will be needed despite the landlord securing 8 billion kronor ($720 million) in new funds from a deal with Canadian investor Brookfield Asset Management Ltd.

Poland accused German Chancellor Olaf Scholz of trying to interfere in the country’s parliamentary election, threatening a new conflict with its Western neighbor.

Aviva Plc is buying American International Group Inc.’s UK protection business for £460 million ($563 million) in a deal that would expand the UK insurer’s presence in the local market.

South Korea is seeking to have Chinese President Xi Jinping visit for the first time in about a decade, seeing a trip as turning a page in relations between the two that have shifted as Seoul more closely aligns itself with the US.

While the yen continues to slide, it’s doing so in the tightest monthly trading range in more than a year and a half as the threat of intervention from Japan keeps bears at bay.

Mafia boss Matteo Messina Denaro, who was convicted of dozens of murders including those of Italy’s leading prosecutors, has died in hospital, news agency Ansa reported Monday.