China’s largest tech companies Alibaba Group Holding Ltd. and Tencent Holdings Ltd. have gained $66 billion in market value since May’s end, propelled by expectations of a gradual return to pre-crackdown growth and a litany of official promises to unshackle the private sector. Yet some investors warn the celebration may be premature.
Mozambique’s government has exhausted its budgeted domestic borrowing target for the year, depleting a key source of deficit financing it had heavily relied on.
Carvana Co. raised its profit outlook as the used-car retailer said the momentum it saw from an early-year turnaround is carrying into the third quarter.
The stampede out of energy stocks this year is showing signs of turning as Wall Street urges investors to take a closer look at the beaten-down shares amid a robust US economy.
Italian Prime Minister Giorgia Meloni backed her government’s decision to pass a 40% levy on banks’ extra profits, breaking two days of silence on a move that wiped out an initial $10 billion in market value and saw her coalition struggle to reassure investors.
Britain’s young adults increasingly are priced out of the housing market and are living with their parents later into life after “giving up on property.”
More than a 1,000 firefighters have contained a blaze in the south of Portugal, while Spain braces for more heat and parts of Norway reel from the worst storm in 100 years.
Royal Ahold Delhaize NV’s has not ruled out a plan to publicly list its Dutch e-commerce unit Bol.com, according to the grocer’s chief executive.
Italy’s banks are paying the price for Prime Minister Giorgia Meloni’s need to cater to the more populist elements in her right-wing coalition.
Paraguay’s slowing consumer prices and waning external inflationary risks gives policymakers room to consider cutting interest rates this year, according to President-elect Santiago Peña’s nominee to lead the central bank.
