Japanese heavy machinery firms plunged after aerospace giant RTX Corp. cut its full-year sales outlook and said it will take a roughly $3 billion pretax charge in the third quarter as it addresses a flaw with Pratt & Whitney engines.
A top-ranked fund that keeps a fifth of assets in shares of Japanese lenders is ready to increase that position on the possibility the central bank is preparing to end its ultra-easy monetary policy.
Thierry Breton is a proponent of more regulation — and rules that boost EU companies.
Shares of Country Garden Holdings Co. rallied after Reuters reported the distressed Chinese property developer won approval from creditors to extend repayment on six yuan bonds by three years.
A Philippine court on Tuesday acquitted Nobel laureate Maria Ressa and her media company Rappler of tax evasion charges filed during the administration of former President Rodrigo Duterte, a move that may help but won’t entirely calm concerns over media freedom in one of Asia’s oldest democracies.
One of Democratic Republic of Congo’s most-prominent journalists was detained by police amid an investigation into the assassination of a top opposition politician, according to an association representing reporters for France’s Jeune Afrique.
Investors of Chinese developers’ onshore notes are increasingly pushing back on requests to delay principal payments.
Leveraged China equity positions saw their biggest daily increase in over three years on Monday as new rules took effect that lower the deposit ratio for high-risk trades including short sales.
Keith Miller’s monthly visit to the Borgata casino in Atlantic City, New Jersey, was short-circuited by a cyberattack.
Luxury hotel operator Rosewood Hotels & Resorts will take over the management of the late hedge fund billionaire Julian Robertson’s three resorts in New Zealand.
