WASHINGTON — U.S. President Joe Biden, under pressure over sky-high gasoline prices, on Wednesday demanded oil refining companies explain why they are not putting more fuel on the market as they reap windfall profits. Read More
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
Automaker Stellantis NV said on Tuesday it will begin an indefinite layoff starting next week at its Sterling Heights stamping plant in Michigan. Read More
SHANGHAI — China’s central bank rolled over maturing medium-term policy loans on Wednesday, while keeping interest rates unchanged for a fifth straight month, matching market expectations. Read More
SINGAPORE — Software firm MicroStrategy said it has not received a margin call against its bitcoin-backed borrowing on Wednesday, and it has plenty of extra collateral to pledge if necessary. Read More
HONG KONG — The dollar held near its overnight 20-year peak on Wednesday ahead of the outcome of the Federal Reserve policy meeting at which markets are pricing in an outsized 75 basis point interest rate hike as policymakers try to rein in rampant inflation. Read More
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