PARIS — Peugeot, one of Stellantis’ French brands, unveiled its new 408 model on Wednesday, betting the “fastback” sedan will attract motorists suffering from sports-utility vehicle (SUV) fatigue. Read More
SEOUL — South Korea’s central bank has warned debt repayment risks would sharply increase for small business owners next year, according to a biannual financial stability report released on Wednesday. Read More
There are signs of contagion emerging in China’s junk bond market. Industrial firms saw their offshore debt slide after an earlier rout on Macau casino operators. And Some of Fosun International Ltd.’s dollar bonds are on track for record declines. Rebecca Choong Wilkins reports on Bloomberg Television.
Ukrainian and Russian forces remained entrenched in eastern Ukrainian battlegrounds going into Wednesday, a day of commemoration in both countries to mark the anniversary of Hitler’s invasion of the Soviet Union in 1941. Read More
We are seeing a little bit of pressure for crypto in Asia, but nothing compared to what we’ve seen in the last few weeks. The bulls appear to be charging back, encouraging buying and flagging the next rally. Su Keenan reports on Bloomberg Television. ——– Follow Bloomberg for business news & analysis, up-to-the-minute market data, […]
Daniel Hynes, senior commodity strategist at Australia and New Zealand Banking Group Ltd., discusses the outlook for oil and iron ore. West Texas Intermediate August delivery rose to settle above $109 a barrel after plummeting before the US holiday weekend. Hynes speaks with Paul Allen and Shery Ahn on “Bloomberg Daybreak: Australia.”
Benchmark indices rose for the second straight day on Tuesday, as investors lapped up beaten down quality stocks on firm global cues. Softening crude oil prices further boosted the investor sentiment. Barring China, most Asian indices gained in Tuesday’s trade, with Taiwan TAIEX and Hang Seng climbing 2.4% and 1.9%, respectively. While the Nikkei 225 […]
On Bloomberg’s ‘Balance of Power’ with David Westin: Michael Zezas, Morgan Stanley head of U.S.public policy research, on President Biden’s economic plan; Jane Harman, Wilson Center distinguished fellow and President Emerita, on Russia-Ukraine war; Tarah Leigh Grove, Vinson & Elkins Chair in Law, on SCOTUS rulings.
Telecom operators have told the department of telecommunications (DoT) that abolishing spectrum usage charge (SUC) in the upcoming 5G auctions and beyond will be meaningless if the government does not remove the floor rate of 3% on such payments which is applicable on current holdings. The floor was fixed in 2016 to protect government revenues […]
A group of ministers (GoM) reviewing goods and services tax (GST) rates has proposed removal of exemptions on a host of services, including for stay in relatively cheaper hotel rooms, hospital rooms above a tariff threshold and services provided by financial sector and food safety regulators. In line with a mandate to raise the revenue […]