Egypt kept interest rates unchanged amid signs of softening inflationary pressures, likely refraining from further monetary tightening until it manages a much-awaited currency devaluation.
Huawei Technologies Co.’s Kirin 9000s processor supports 5G wireless speeds, TechInsights said, dispelling some of the mystery around the Chinese company’s latest devices.
A tool deployed by the People’s Bank of China to defend the yuan may result in some collateral damage: a weakening in demand from bond investors who like to hedge their currency exposure.
Vietnam-based internet startup VNG Ltd. has decided to postpone its plans for a US initial public offering, according to a person familiar with the matter.
Chevron Corp. and labor unions reached an agreement to end strikes at key liquefied natural gas facilities in Australia that have roiled the global market for the fuel.
European private equity firm Keensight Capital said it has raised €2.8 billion ($3 billion) to invest in technology and health-care companies.
South Korea’s ambassador to Japan said “high-level” talks are underway for a three-nation summit with China poised to happen this year, and it wouldn’t affect ties with the US.
The Philippine central bank has a “good chance” of resuming monetary tightening in November and may increase its benchmark interest rate further after that amid “relentless” supply shocks, Governor Eli Remolona said.
Bill Ackman remains short bonds and expects long-term rates to rise further amid increasing government debt, higher energy prices and the cost of shifting to green power.
A meteoric 166% surge this month in Sunac China Holdings Ltd.’s shares may be due for a reversal given that the distressed developer’s fundamentals remain weak, analysts say.
