TOKYO — Japan ran its biggest single-month trade deficit in more than eight years in May as high commodity prices and declines in the yen swelled imports, clouding the country’s economic outlook. Read More
NAPERVILLE — Chicago-traded soybean futures are at their highest ever levels for mid-June despite the forecast for a record-large U.S. harvest this fall and a supply recovery into next year. Read More
Shanghai plans mass Covid-19 tests every weekend through the end of July for the entire population of 25 million. Meanwhile, Hong Kong reported more than 1,000 new Covid-19 cases on Wednesday, with the rise in infections spurring officials to continue to tighten rules around who can isolate at home. Stephen Engle reports on “Bloomberg Daybreak: Asia.”
Brookfield Vice Chair Mark Carney discusses central banks and rate hikes. He speaks with Bloomberg’s Dani Burger on “Bloomberg Surveillance: Early Edition.” (Interview occurred on June 15, 2022)
Australia’s key power market suspended spot trading as it attempts to ease an electricity crunch that’s been worsened by some plants withholding supply after the introduction of price caps. BloombergNEF analyst Will Edmonds discusses the details on Bloomberg Television.
GE Energy Financial Services (GE EFS) on Wednesday said it has bought a 49% stake in Continuum Green Energy’s 148.5 MW Morjar onshore wind project in Gujarat for an undisclosed amount. Continuum Green Energy is majority owned by global infrastructure fund managed by Morgan Stanley Infrastructure. Morgan Stanley, which owns an over 85% stake in […]
Easy Pay, the digital payments platform, is in talks to raise close to $25 million in its Series A round at a valuation north of $250 million, its newly-appointed chief executive officer and co-founder Vaibhav Joshi told FE. He added that there is a “keen interest” from a host of investment bankers, including at least […]
The base price of 5G spectrum would result in a further deepening of telecom operators’ debts, even with a low upfront payment, as the industry expected to shell out about Rs 1-1.1 trillion in the upcoming auctions. The operators are of the opinion that reserve prices are on the higher side, and the industry’s debt […]
The department of telecommunication’s (DoT’s), in a notice inviting applications (NIA), on Wednesday said that direct allocation of spectrum to the Big Tech companies for building their private networks will follow a demand study and sector regulator Trai’s recommendation on aspects such as pricing and modalities of such allocation. Big Tech companies like Google have […]
Franklin Templeton Investments Chief Executive Officer Jennifer Johnson discusses M&A activity. She speaks with Bloomberg’s Dani Burger on “Bloomberg Surveillance: Early Edition.”