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South Korea’s top economic and finance officials, including the finance minister and the central bank chief, plan to meet early on Thursday to discuss the economy and financial market situation, the finance ministry said on Wednesday. The ministry said in Read more
Australia’s Federal Court approved on Wednesday the $6.3 billion acquisition of the country’s largest casino operator Crown Resorts Ltd (CWN.AX) by U.S. private equity giant Blackstone Inc (BX.N). The approval follows nods from state regulators in Western Australia (WA), New Read more
President Joe Biden’s top officials and Federal Reserve Chair Jerome Powell were quick to dismiss the first embers of inflation in the spring of 2021 in a single word: Transitory. More than a year later, price increases at 40-year peaks Read more
As India faces a crippling surge in food and fuel prices, its policymakers will be counting mostly on this year’s monsoon rains, not just interest rate hikes, to take inflationary pressure off the country’s households and businesses. Like its international Read more
Despite a crushing selloff that pushed U.S. stocks into a bear market, investors see few signs suggesting equities have hit bottom, as persistent worries over surging inflation and an aggressive Federal Reserve continue to pressure asset prices. The market’s losses Read more
Private capital has a keen eye on British bus companies. Low valuations, hopes that travellers will ditch cars, and government incentives to invest in environmentally-friendly vehicles are enticing buyers, analysts and investors said. Three out of four major London-listed bus Read more
The S&P 500 index, the most closely followed benchmark for U.S. equities on Wall Street, has slid this year as inflation jumped to its highest rate in 40-years. On Monday, a steep selloff triggered by fears that the Federal Reserve Read more