Raimondo Says Business With China Is Key But Increasingly Risky
US Commerce Secretary Gina Raimondo argued that China is driving away American companies by making investments in the world’s second-biggest economy increasingly hazardous.
Bloomberg Business
Catalent Reaches Deal With Elliott, Adds New Seats to Board
Catalent Inc., the drug-product manufacturer dogged by issues at its facilities, will add four new members to its board and undertake a strategic review as part of a settlement with activist investor Elliott Investment Management.
Naira Fall Leads Top Nigeria Miller to First Loss Since 2019
Flour Mills of Nigeria Plc, the West African nation’s biggest miller, reported its first loss in about four years as naira’s depreciation increased the company’s cost of servicing overseas loans.
Apple Sets Sept. 12 Date for Launch of iPhone 15, New Watches
Apple Inc. has set Sept. 12 as the date for its biggest product-upgrade event of the year, when it’s set to unveil the iPhone 15 line and next-generation smartwatches.
EU to Stick With Climate Ambitions Despite Mounting Backlash
The European Commission will stand firm on its climate objectives while aiming to ensure that companies and citizens continue to support the transition to net-zero emissions, pledged the new head of the bloc’s landmark green deal.
European Stocks Rise as China Measures and US Data Bolster Mood
European stocks rose on Tuesday as a slew of supportive economic data from the US and UK, as well as China’s measures to support its economy, fueled investor risk appetite.
Crypto ETF Drags ‘ESG’ Into Wildly Volatile World of Bitcoin
A London-based money manager has just attached an ESG label to a Bitcoin exchange-traded fund, in a move that has environmental experts doing a double take.
Hope for Offshore Wind Boom in Gulf of Mexico Dims With Low Bids
The first-ever US government auction of leases to build wind farms in the Gulf of Mexico ended with only one tract sold, a blow for advocates cheering on renewable-power development in the region.
S&P 500 Climbs 1% as Traders Dial Back Fed Wagers: Markets Wrap
Wall Street traders pushed the stock market higher, while bond yields retreated after economic reports bolstered speculation the Federal Reserve will be able to pause its interest-rate hikes in September.
Peru Struggles to Revive Its Days as Latin America’s Top Economy
Peru is struggling to regain the fast growth that made its economy one of the star performers in emerging markets this century, according to the government.