Chicago wheat futures on Friday hit their lowest in nearly four months and headed to a second consecutive weekly slump, dragged down by growing concerns over a global economic downturn, while an improved outlook for U.S. crops also added pressure. Read More
Shares of Toyota Motor Corp and Subaru Corp dropped on Friday after the two Japanese car makers announced recalls of their first mass-produced electric vehicles (EV) for the global market because of a risk the wheels could come loose. Read More
Masayoshi Son will face investors after a record yearly loss when SoftBank Corp. hosts its annual shareholders meeting later Friday. Confidence from even his most faithful backers may be at a breaking point. Peter Elstrom reports on Bloomberg Television. ——– Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles and more: https://www.bloomberg.com […]
SHANGHAI — China’s central bank on Friday increased the injection of liquidity into the banking system through open market operations, as demand for cash for the end of the first half of the year started to pick up. Read More
The Japanese yen is off of its 24-year low, but weakening slightly since core inflation data for May came in above the BOJ’s target of 2%. David Finnerty reports on Bloomberg Television. ——– Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles and more: https://www.bloomberg.com Connect with us on… Twitter: https://twitter.com/business Facebook: […]
Nomura has forecast India’s GDP to grow at 7.2% in 2022, before moderating to 5.4% in 2023. In a research note on Thursday, the research firm said the ‘prolonged mild recession’ in the US can lead to a slowdown in India, which has been recovering to a pre-pandemic level. The rate hike by the Federal […]
Aninda Mitra, head of Asia macro & investment strategy at BNY Mellon Investment Management, discusses his investment strategy, why he’s become more defensive and where he’s finding opportunities. He speaks on Bloomberg Television. ——– Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles and more: https://www.bloomberg.com Connect with us on… Twitter: https://twitter.com/business […]
Investment bankers in the US and Europe are bracing for potentially billions of dollars in total losses on big-ticket leveraged buyouts as they struggle to offload risky corporate debt that’s plunging in value amid a sweeping market selloff. Su Keenan reports on Bloomberg Television. ——– Follow Bloomberg for business news & analysis, up-to-the-minute market data, […]