The northeastern Chinese city of Shenyang is considering buying a stake in Hong Kong-listed Brilliance China Automotive Holdings Ltd., giving it exposure to a local joint venture with BMW AG, according to people familiar with the situation.
Underlying inflation in the euro area is proving to be very strong, but the price gauge, which excludes volatile items, should ultimately slow, according to European Central Bank Vice President Luis de Guindos.
UK businesses reported the fastest growth in a year as spending on holidays and entertainment powered a stronger-than-expected pick-up in momentum.
(Bloomberg) — The European Central Bank should proceed cautiously with any future interest-rate hike as credit growth slows and financial-stability risks persist, Governing Council member Ignazio Visco said.
Dalian Wanda Group Co. has become the latest source of angst in China’s credit market, with dollar bonds of billionaire Wang Jianlin’s conglomerate sinking to distressed levels just months after they were issued.
A former activist shareholder in Barclays Plc has reemerged to raise fresh concerns about the way the bank’s directors handled ex-boss Jes Staley’s links to convicted sex offender Jeffrey Epstein.
The US ditched the monarchy in 1776Â but might be more excited about the king than his UK subjects.
Norway’s sovereign wealth fund voted in favor of Teck Resources Ltd.’s plan to spin off its coal business, as the Canadian miner fends off a takeover attempt by larger rival Glencore Plc.
President Joe Biden aims to sign an executive order in the coming weeks that will limit investment in key parts of China’s economy by American businesses, people familiar with the internal deliberations said.
Borrowing costs in India have probably peaked, with the central bank expected to start cutting rates by the end of the year — that’s the reading of some economists who reviewed the minutes of monetary policy meeting released Thursday.
