Traders Have S&P 500 Comebacks Fading at Historic Pace
Surprised that the S&P 500 swung into the green Friday? Don’t worry. Just wait. It’ll fall again after the next opening bell.
Bloomberg Business
China Extends Preferential Tax Policies for Foreigners to 2028
China will extend preferential income tax policies for foreigners working in the country through the end of 2027, in a move that sends an encouraging signal to foreign businesses in China.
Ambani to Focus on Reliance’s Succession Plans Over Five Years
Mukesh Ambani said he will spend the next five years of his chairmanship of India’s most valuable company grooming his children to transform Reliance Industries Ltd. into a digital and green energy behemoth.
Chile Central Bank Vice President Says Policy Outlook Is Unaltered by Currency Drop
(Bloomberg) — Chile’s central bank sees its policy outlook largely unchanged by a drop in the peso and the potential inflation impact from recent devastating floods, the institution’s vice president said in an interview.
Pakistan Seeks to Reduce Electricity Prices After Mass Protests
Pakistan is drawing up a strategy to reduce power tariff after nationwide protests against rising electricity bills over the weekend, a move that was agreed with the International Monetary Fund for a $3 billion bailout.
A Kiss Turns a Moment of Triumph Into an Ugly Spectacle in Spain
For Spain, winning the Women’s World Cup should have been a moment of celebration.
Swedish Central Banker Sees Lengthy Period of Tight Policy Ahead
(Bloomberg) — Sweden’s Riksbank will probably have to run a tight monetary policy for a “fairly long time,” even as price increases are showing signs of slowing down, Deputy Governor Martin Floden said.
Greece, Turkey Leaders Plan to Meet at UN General Assembly
Greece’s Prime Minister Kyriakos Mitsotakis and Turkey’s President Recep Tayyip Erdogan are planning to meet on the sidelines of the United Nations general assembly in New York this September.
Israel’s New Bid to Forge an Arab Ally in Libya Sparks Backlash
Israel’s latest attempt to forge fresh alliances in the Arab world hit a stumbling block in Libya, sparking criticism at home and prompting anti-government protests and the suspension of the North African nation’s top diplomat.
German Coalition Agrees on €6.5 Billion for Corporate Tax Relief
German Chancellor Olaf Scholz’s ruling coalition resolved its latest dispute, sealing a deal that unblocks €6.5 billion ($7 billion) in corporate tax relief as well as €2.4 billion in additional child benefits from 2025.
