Bloomberg Top News

HSBC Holdings Plc raised its main lending rate for the first time this year as liquidity shrinks in the financial hub.

Faults with engines supplied by Pratt & Whitney to Go Airlines India Ltd. forced the budget carrier to keep part of its fleet of brand-new Airbus SE jets on the ground for a total of 17,244 days over the past three years, according to a legal filing in a Delaware court.

Samsung Electronics Co. faces its first-ever labor strike after an influential union threatened to stage a walkout to protest wages and the company’s alleged attempts to block labor organization.

Asian stocks and US futures edged higher as investors brushed aside the Federal Reserve’s commentary against interest-rate cuts and looked ahead to an eventual pivot to policy easing.

Banks say the European Central Bank may need a new funding program to help lenders make large repayments on pandemic-era loans without roiling the region’s money markets.

Polish pension funds are fighting to preserve what little options they have left to invest in Warsaw’s shrinking stock market.

German Chancellor Olaf Scholz heads to Kenya and Ethiopia on Thursday as part of a European effort to make inroads with countries of the so-called Global South and push back against the influence of authoritarian nations such as Russia and China.

The European Central Bank is poised to slow the pace of interest-rate increases after its preferred inflation measure eased for the first time in 10 months.

Oil futures endured a roller-coaster ride as Chinese traders returned after a break, first collapsing to the lowest level since December 2021 in a chaotic opening spell before erasing losses to trade higher.

Within hours of the Federal Reserve’s latest policy decision, traders and commentators alike had started to challenge Chair Jerome Powell’s assessment of the economy.