Finland’s Sato Oyj, whose main owner is Swedish landlord Fastighets AB Balder, was cut to junk at Moody’s Investors Service as Sweden’s real estate crisis reverberates across the Nordic region.
JPMorgan Chase & Co. expanded one of the most high-profile projects to bring blockchain technology to traditional banking, introducing euro-denominated payments for corporate clients using its JPM Coin.
Investors fled into the safety of bonds and stocks wavered as a lurch toward higher interest rates together with weak euro-area activity data heightened anxiety that aggressive central bank policy will tip economies into recession.
Kakao Entertainment Corp. has won $930 million from the sovereign wealth funds of Saudi Arabia and Singapore, securing one of the country’s largest financing rounds at a time global investors shy away from big startup bets.
Saudi Arabia’s Public Investment Fund became the largest outside shareholder of Nintendo Co. on Friday, in the latest move by the Gulf state to lower its reliance on oil.
Nintendo Co. expects to sell 15 million units of its Switch console this fiscal year, showing the extent of the slowdown for its six-year-old flagship product.
UK retail sales rose unexpectedly in May, indicating strength in the economy that the Bank of England fears may be feeding inflation.
A consumer boycott in China over a planned release of water from the Fukushima Dai-Ichi nuclear plant is threatening to hurt Japanese cosmetics makers.
Honda Motor Co. forecast profit for the current fiscal year that slightly exceeded analyst projections thanks to a recovery in automobile production, drops in some material prices and robust sales of motorcycles in India and Southeast Asia.
Global stocks headed for their biggest weekly decline in more than three months following a spate of central bank rate hikes that have pushed up bond yields and heightened fears of recession.
