LONDON/SYDNEY — World stocks hit seven-week highs on Monday, buoyed by recent strong corporate earnings and declining expectations for hefty interest rate rises, while the dollar slid against the yen as speculators exited suddenly unprofitable short positions. Read More
Emerging market stocks inched up on Monday, as Beijing’s promise to support the market helped offset to an extent worries about economic growth in China after the world’s second largest economy reported slowing growth in manufacturing activity. Read More
DUBAI — Saudi Arabia’s gross domestic product rose by 11.8% in the second quarter compared with the same period in 2021, according to initial government estimates on Sunday, as the world’s top oil exporter benefits from higher energy prices. Read More
(Bloomberg) — The next milestone in Europe’s efforts to create a global benchmark for ESG investing has been shelved indefinitely as officials balk at devoting resources to a process that’s already marred by deep political division, according to people familiar with the matter. Read More
ODESA — Russia on Sunday invited United Nations and Red Cross experts to probe the deaths of dozens of Ukrainian prisoners held by Moscow-backed separatists, while Ukraine’s president ordered the evacuation of residents in the eastern region of Donetsk. Read More
Russian gas producer Gazprom said on Saturday it had stopped supplying neighboring Latvia with gas, accusing it of violating conditions for gas withdrawal. Read More
(Bloomberg) — When sanctions made the Fortress Russia he helped build seem less impregnable, Maxim Oreshkin came up with a signature gambit to try and break the economic siege. Read More