Singapore Wine Auction Nets $4.2 Million, As Valuable Whisky Fails to Sell
But bottles of Screaming Eagle Cabernet broke world records.
RBA’s Bullock Highlights Difficulties in Cooling Inflation
Australia’s central bank Governor Michele Bullock pointed to a series of obstacles to bringing inflation back to target that range from sticky services prices to repeated global shocks including the Israel-Hamas war.
Wall Street Shreds Yen Playbook as US Rates Add to Currency Pain
A chasm is opening up on Wall Street over the direction of the yen.
Israel Latest: Biden ‘Deeply Saddened’ Over Hospital Blast
President Joe Biden said he was “outraged and deeply saddened” by the explosion at a hospital in Gaza City that killed hundreds of people. He added in a statement on Tuesday night that he had asked “my national security team to continue gathering information about what exactly happened.”
Tesla Calls for Tougher US Fuel Economy Rules Opposed by Rivals
Tesla Inc. is calling for President Joe Biden’s administration to sharply increase fuel economy standards, and also to wind down a program allowing automakers to offset sales of gas-powered vehicles with credits from electric vehicles.
Whitehaven to Buy Two BHP Coking Coal Mines in Queensland
BHP Group Ltd., the world’s biggest miner, said it agreed to sell two more Australian coking coal operations to Whitehaven Coal Ltd. as it extends its withdrawal from fossil fuels.
U.S. Bancorp Vows to Shrink Itself to Avoid Added Fed Scrutiny
U.S. Bancorp promised federal regulators it would shrink its balance sheet and reduce its risk profile, a move that frees it from more stringent regulations.
Asia Stocks Eye Gains; Treasuries Sink on Fed Bets: Markets Wrap
Asian stocks are set for mild gains after US equities struggled and Treasuries slumped following data reinforcing the case for the Federal Reserve to keep interest rates higher for longer. Oil climbed as the Israel-Hamas conflict intensified.
Private Equity Firm Integral Aims for Fund of $3 Billion After Tokyo IPO
Integral Corp. looks to accelerate growth by leveraging funds raised in its initial public offering last month, a rare public listing for a Japanese private equity firm. It aims to launch a fund of about $3.3 billion in four or five years.
Biden Scraps Plans to Visit Jordan After Summit Canceled
President Joe Biden will not visit Jordan after the country canceled plans for a summit with Egyptian and Palestinian leaders, according to a White House official, a blow to diplomatic efforts to contain a war between Israel and Hamas that threatens to engulf the region.