Europe Gas Prices Swing on Mixed Demand Signals and Supply Risks
European natural gas prices fluctuated as the market weighed a mixed outlook for demand against supply risks including outages and competition with Asia for LNG.
Bloomberg Business
Corn Hidden in Coffins as Smugglers Cash in on Congo Shortage
Surging corn prices in the Democratic Republic of Congo have created a lucrative trade for people to smuggle the staple food out of neighboring Zambia, and a clampdown is causing creative concealment strategies — with some even using coffins.
Retail Sales Fall in Canada With Higher Rates Pinching Consumers
Canada’s consumers are starting to feel the pinch of higher interest rates as they pull back on spending.
South Africa’s Energy Chief Opens Coal Mine as Blackouts Persist
South Africa’s energy minister attended the opening of a new coal mine, promoting use of the dirtiest fossil fuel as the government struggles to control an energy crisis.
Rogers Hires Bains From CIBC as Shaw Integration Begins
Rogers Communications Inc. hired Navdeep Bains, a former cabinet minister turned banker, to an executive role as the wireless and cable firm begins to absorb the assets of Shaw Communications Inc.
Twitter Scraps Labels Calling News Publishers Government Funded
Twitter Inc. removed labels describing news organizations as government-funded or state-affiliated after weeks of sparring between them and the site’s billionaire owner Elon Musk.
Investors Are Anxious About the Debt Ceiling. These Charts Show How Much
Investors are little closer to knowing just when the US might default on its debts than a week ago and there are signs that they’re getting more worried about the risks posed by the $31.4 trillion statutory borrowing limit.
Nestle to Create European Frozen Pizza JV With Buyout Firm PAI
Nestle and PAI Partners will create a joint venture for the food giant’s frozen pizza business in Europe in a move aimed at generating better sales.
China Delists Two Firms on IPO Fraud, Vows ‘Zero Tolerance’
China’s securities regulator said it will delist two firms after finding fraud in their initial public offerings, pledging “zero tolerance” for violations or crimes in its capital markets.
US Equity Futures Waver Amid Mixed Earnings, Data: Markets Wrap
US futures wavered amid mixed corporate earnings and as traders parsed the latest data for clues on the outlook for inflation, economic growth and the Federal Reserve’s Policy path.