Adani Enterprises Ltd.’s latest quarterly profit more than doubled as billionaire Gautam Adani’s flagship firm seems to have recovered from a scathing short seller attack earlier this year that wiped out more than $100 billion off the conglomerate’s market value.
European stocks dropped as investors prepared for a rates decision by the European Central Bank after a quarter-point hike by the Federal Reserve. US regional lenders slumped on renewed worries about financial stability.
Yen bulls are calling for a double-digit rally in the currency after the Federal Reserve signaled a pause in its aggressive tightening campaign.
Britain’s economy is showing signs of unexpected resilience in a batch of data published Thursday, firming up the case for another interest-rate increase.
Wheat and corn futures steadied after Wednesday’s jump, as markets weigh up escalating tensions in the Black Sea region against burgeoning global supply.
PacWest Bancorp said core deposits have increased since March and confirmed it’s in talks with several potential investors, seeking to calm markets after a 60% stock rout that made it the new focal point of concern over the health of US regional lenders.
South Africa’s Public Investment Corp. has boosted its stake in Gold Fields Ltd. to 15%, giving the pension fund a even greater say in the future of one of the country’s biggest miners.
A group of Credit Suisse Group AG bondholders in Asia challenged Switzerland’s banking regulator over the decision to write down about 16 billion Swiss francs ($18.1 billion) of the bank’s riskiest debt, the first known move by wealthy investors in the region.
Oil futures steadied after enduring a roller-coaster ride at the start of trading in Asia, collapsing to the lowest level since December 2021 in a chaotic opening spell before erasing losses.
Hungarian Prime Minister Viktor Orban urged former President Donald Trump to return to the White House as president and renewed a call for populist forces to wrest control of democracy in the US and Europe.
