Swedish Household-Lending Growth at Record Low as Rates Rise
Sweden’s household lending grew last month at the slowest pace on record, as rates rise and home prices plunge.
Bloomberg Business
Saudi Aramco Refiner’s Lackluster Debut Bucks Regional Trend
Saudi Aramco Base Oil Co., a refining unit of the state-owned oil producer, slumped in its trading debut following an initial public offering that raised $1.32 billion.
One of World’s Most Crowded Cities Gets First Mass-Transit Rail
Bangladesh’s capital now has its first metro rail, a Japanese-funded project that aims to ease commuting in one of the most congested cities in the world.
Japan’s Kishida Says Election to Come Before Tax Hike for Defense
Japanese Prime Minister Fumio Kishida said he expected the next general election to come before a possible hike in taxes that has met resistance from the public and is intended to fund his unprecedented expansion of defense spending.
China’s Nursing Homes Bear Deadly Brunt of Abrupt Covid Pivot
Covid is starting to tear through nursing homes in China despite efforts by facilities to keep elderly residents protected, showing how severe the consequences of the country’s abrupt pivot from Covid Zero may be.
London Law Firms Face a Reckoning in 2023 After This Year’s ‘Pay Scale Mess’
London’s biggest law firms paid generously to secure the brightest young recruits they could this year. Meeting those salary pledges next year will be a lot tougher with revenues from deal making expected to slow dramatically.
Tesla Lures $2.8 Billion From Korean Day Traders Amid Stock Drop
South Korean retail investors have bought a net $2.8 billion worth of Tesla Inc. stock this year amid the electric-vehicle maker’s worst slump on record.
Philippine Transport Chief Favors Curbs for Chinese Visitors
Philippine Transport Secretary Jaime Bautista said he’s in favor of imposing Covid measures including testing on inbound travelers from China, mulling similar plans by the US amid a rapid rise in infections in the mainland as Covid Zero restrictions are lifted.
India Food Program Restructuring Is Politically Deft, Nomura Says
India’s move to restructure the world’s biggest food program is a fiscally prudent and a politically deft move, according to Nomura Holdings Inc.
China Job Prospects, Income Confidence Plunge to New Lows
Chinese residents saw their confidence in the job market and their incomes plunge to new lows, while interest in buying homes also fell as the economic slowdown worsened this year.
