Stocks in Asia advanced after China announced support for its equities market and Jerome Powell said the Federal Reserve would “proceed carefully” on whether to raise interest rates again.
Saudi Arabia is interested in discussions about joining Europe’s top football club tournament, the Champions League, as the kingdom spends hundreds of millions of dollars to attract some of the world’s best players and shake up the sport.
New Zealand’s government is tightening its belt as a domestic recession and concerns about China’s faltering economy erode tax revenue and strain its budget.
Uniqlo owner Fast Retailing Co.’s global business head will become chief operating officer, as the retail giant grooms the next generation of leaders who might one day take the reins from founder Tadashi Yanai.
A taskforce comprising business leaders from the Group of 20 nations has recommended that every company contribute 0.2% of profits to a fund that will go toward achievement of sustainable development goals.
China Evergrande Group slumped as much as 87% in Hong Kong trading following a 17-month halt, becoming a penny stock as the country’s most-indebted developer unveiled more losses and delayed meetings with creditors.
Beaten-down US Treasuries are proving irresistible to some investors even after Federal Reserve Chair Jerome Powell said he’s ready to raise interest rates again to choke off inflation.
Mallinckrodt Plc went bankrupt for the second time in less than three years, with plans to dramatically cut its debt load and reduce a sweeping opioid settlement.
Malaysia aims to roll out a plan this year on harnessing green hydrogen, with an eye toward becoming a main export hub by 2027, according to Environment Minister Nik Nazmi Nik Ahmad.
Shares of Japanese companies that are especially reliant on China demand plunged after users online in Asia’s biggest economy called for a boycott over the release of treated wastewater from the wrecked Fukushima nuclear plant.
