Bloomberg Business

Masayoshi Son was determined to turn the tide.

A resilient US economy will prompt the Federal Reserve to pencil in one more interest-rate hike this year and stay at the peak level next year for longer than previously expected, according to economists surveyed by Bloomberg News.

A selloff in Turkey’s local-currency debt is revealing just how much skepticism still exists among some investors toward President Recep Tayyip Erdogan’s sudden embrace of more conventional policies.

Tuesday’s police raid on Nasdaq Inc.’s Swedish operations has resulted in a surveillance officer from the stock exchange being held in custody to avoid any further collusion or the destruction of evidence.

Pfizer Inc.’s $43 billion takeover of Seagen Inc. faces a European Union review after the companies formally notified the bloc’s merger watchdog.

Chinese state-linked developer Sino-Ocean Group Holding Ltd. has suspended payment on all its offshore borrowings, citing tight liquidity, as the nation’s property debt crisis deepens.

Maintaining interest rates at 4% for a prolonged period may be sufficient to tame inflation, two European Central Bank officials said a day after borrowing costs were raised for what markets and economists think was the last time.

H&M’s revenue growth unexpectedly ground to a halt as shoppers turned away from the Swedish retailer, which has been raising prices while rivals such as Shein offer bottom-dollar discounts.

The Ardonagh Group is selling its personal insurance business in a deal that will give Chief Executive Officer David Ross an £800 million ($1 billion) war chest for further acquisitions in specialist insurance broking.

Pita Limjaroenrat, whose bid to become Thailand’s prime minister was thwarted by the royalist conservative establishment, resigned as leader of the popular Move Forward Party to pave way for a new chief to become the opposition leader in parliament.