Boris Johnson will later publish plans to scrap parts of the post-Brexit deal he struck with the EU in 2020. The PM wants to change the Northern Ireland Protocol to make it easier for some goods to move between Britain and Northern Ireland. But the EU is against the move, saying it would break international […]
TAIPEI — Controlling inflation is not only about interest rate rises and all government departments regularly discuss what other policies to take, Taiwan Economy Minister Wang Mei-hua said on Tuesday, with the pace of price increases at a near 10-year high. Read More
Elon Musk will speak to Twitter Inc employees this week for the first time at a company-wide meeting since launching his $44 billion bid in April, a source said on Monday, citing an email from Twitter Chief Executive Parag Agrawal to staff. Read More
SEOUL — Samsung Electronics’ semiconductor production in China is facing disruption from South Korean truckers blocking exports of a key chip-making material as part of a strike, the Korea International Trade Association (KITA) said on Tuesday. Read More
TOKYO — Japanese Finance Minister Shunichi Suzuki said on Tuesday he was concerned about recent rapid yen weakening as the currency slid to 24-year lows to the dollar. Read More
HONG KONG — Asian shares tumbled on Tuesday after Wall Street officially entered bear market territory and bond yields hit a two-decade high on fears aggressive U.S. interest rate hikes would push the world’s largest economy into recession. Read More
Indian equities tanked on Monday with investors rattled by the big sell-off in the US markets last Friday. On a day when prices of crude oil stayed steady, bonds sold off and the rupee sank to new lows, falling through the 78 mark against the dollar. Investors rushed for the exit, anxious about an unfriendly […]
The S&P 500 Index sank into a bear market on Monday with investors fearing that the Federal Reserve will need to hike interest rates more aggressively to fight inflation, even at the risk of sending the US economy into recession. Our team on “Bloomberg Markets: The Close” reports.
On Bloomberg’s ‘Balance of Power’ with David Westin, Douglas Holtz-Eakin, American Action Forum president, on inflation and the possibility of recession; Rep. Jim Clyburn, (D) South Carolina on the Jan. 6 hearings, gun control and upcoming elections; Dan Yergin, S&P Global Vice Chairman, on record high energy prices.
The government on Monday said the larger award of $3.85 billion plus interest by the arbitral tribunal regarding the production sharing contract for Panna-Mukta and Tapti fields was in its favour and that this was being pursued through the execution petition filed before the Delhi High Court. It also said it retained the right to […]