Exxon Mobil Corp., is avoiding hiring oil tankers that previously carried cargoes from Russia, putting itself in the same camp as Shell Plc with a move that pressures owners to choose whether to serve Moscow’s interests or not.
The Bank of Japan’s unexpected hawkish shift sent shock waves through global markets as the developed world’s last holdout for rock-bottom interest rates inches toward policy normalization.
Volkswagen AG is requiring employees at one of its factories in southern China to work extended hours to compensate for production losses after staff came down sick with Covid, a person familiar with the matter said, as a wave of infections snakes across the country.
China confirmed it’s narrowed how it defines a Covid death, adding weight to speculation that its strikingly low official tally is hiding the true picture of the chaos unleashed by this month’s abrupt pandemic pivot.
The double-whammy of one House committee referring Donald Trump for criminal prosecution and another debating release of his tax returns adds to an accumulation of political blows that some Republican strategists say will further hobble the former president’s already troubled bid for another run at the White House.
Asset managers point to regulatory confusion after a $125 billion hole is blasted through the top of the ESG market.
The Bank of Japan’s latest policy shock is cementing the central bank’s reputation for using the element of surprise to achieve its strategic goals.
Sri Lanka’s cabinet endorsed a bill that aims to bolster the central bank’s autonomy and keep it out of fiscal management.
China appears to be seeing an increase in Covid deaths across a swath of the country that aren’t being reported in government figures, according to social media posts, adding to speculation that officials are masking the full impact of their abrupt shift away from Covid Zero.
For European banks, home is no longer such a bad place to be.
