Intilion Owner Weighs Rare IPO of Lithium Energy Unit
Hoppecke, a German manufacturer of energy storage units and power supplies, is weighing an initial public offering of its specialist lithium-ion unit, people with knowledge of the matter.
Bloomberg Business
Only US Drug Approved to Reduce Risk of Preterm Birth Is Pulled From the Market
The only drug approved in the US to reduce the risk of premature birth will be immediately pulled from the market due to a lack of effectiveness, after manufacturer Covis Pharma Group had pushed for a gradual withdrawal.
China Restraint on Taiwan Shows Xi Has Bigger Concerns Now
After former US House Speaker Nancy Pelosi touched down in Taiwan last year, it took less than an hour for China to announce missile tests and military drills encircling the island.
Indian Households Expect Inflation to Cool, RBI Surveys Find
Indian households expect that inflation will moderate and the employment situation will improve in the coming months, according to surveys from the central bank.
Macron Urges Xi to Bring Putin ‘Back to Reason’ Over Ukraine
French President Emmanuel Macron urged Xi Jinping to use his influence to help restore peace to Ukraine, saying the Chinese leader could bring all sides together to discuss a way to end the Russian invasion.
Costco Falls on Lowest US Sales Growth in Almost Three Years
Costco Wholesale Corp. slipped as the second straight slowdown in a key monthly sales gauge stoked doubts about the strength of US consumers.
US Bank Earnings in Focus as Their Deposits Get Scrutinized
When US banks start reporting fiscal first-quarter results next week, what their executives say about deposit levels and liquidity will arguably be of greater interest to investors than any full-year profit guidance.
DeFi Needs to Comply With Anti-Money Laundering Rules, US Treasury Says
Decentralized financial transactions, including those done with virtual currencies, need to comply with anti-money laundering and sanctions laws, the US Treasury Department said in a new report.
South African Power Chief Punts More State Funds to Ease Crisis
South Africa’s electricity minister called for more state funding and exemptions on emissions limits at coal-fired power plants to help ease the nation’s energy crisis.
IMF Warns Five-Year Global Growth Outlook Is Weakest Since 1990
The International Monetary Fund warned that its outlook for global economic growth over the next five years is the weakest in more than three decades, urging nations to avoid economic fragmentation caused by geopolitical tension and take steps to bolster productivity.