Bloomberg Business

The European Central Bank said the yield curve may be less able to predict recessions because of the market distortions caused by massive central bank bond buying.

Arm Holdings Ltd., one of the most anticipated stock listings of the year, is preparing to set a price range for its initial public offering before embarking on an investor roadshow next week, according to people familiar with the matter.

Next Plc has strengthened its control of UK fashion house Reiss, buying a 34% holding from US investment firm Warburg Pincus for £128 million ($162 million).

A faltering offsets program points to new problems with the corporate world’s favorite “climate solution.” 

Europe is expected to produce less renewable power than usual in September due to unfavorable weather conditions, potentially boosting its demand for coal and gas even before the official heating season starts.

A monthly report on US employment due Friday is set to show net hiring slowed again to a fresh post-2020 low of 182,000 in August, according to Bloomberg Economics.

The International Monetary Fund warned that emerging markets must grapple with post-pandemic risks from tougher global financial conditions, the fragmentation of world trade into rival blocs and the impact of climate change.

Japanese government-backed startup Rapidus Corp. said it has hired more than 200 people in a bid to create a cutting-edge chip foundry by 2027 and challenge leader Taiwan Semiconductor Manufacturing Co.