Bloomberg Business

Marks & Spencer Group Plc unexpectedly raised its outlook, predicting profit growth this fiscal year as the UK retailer gains market share in groceries, clothing and homeware.

As headline oil prices edge ever closer to $90 a barrel, there’s little sign of a let up in the day-to-day demand that’s underpinned the rally.

Prime Minister Justin Trudeau is being advised to create an “industrial strategy” to address Canada’s housing shortage, including tax changes and cheap financing to spur builders to create about two million new rental units in seven years.

The Swiss National Bank will no longer publish statistics about financial institutions by bank category, as there is only one big bank left in the country.

(Bloomberg) — JPMorgan Chase & Co. and Western Asset Management are among those saying this month’s jump in bond yields represents a buying opportunity, given central banks are getting close to the end of their rate-hike cycles. 

Temperature warnings were issued for Berlin on Tuesday as the prolonged heat wave that’s gripping Europe hones in on the region’s biggest economy.

Economists are raising their price gains forecast in India for the year after retail inflation last month hit a 15-month high and exceeded market expectations due to a surge in food prices.

Malaysia’s former Prime Minister Muhyiddin Yassin said a court judge had acquitted him of four abuse of power charges, in a win for the opposition leader days after his alliance gained seats in provincial polls.

(Bloomberg) — Iron ore gained and copper fluctuated as China’s central bank cut rates to support a sputtering recovery, with another slew of data underscoring challenges across Asia’s largest economy.

Chinese authorities are considering cutting the stamp duty on stock trades for the first time since 2008, people familiar with the matter said, in what would be a major attempt to revive confidence in the world’s second-largest equity market.