After months playing catch-up with inflation, central bankers were starting to believe they have finally pegged interest rates at just about the right level to keep a lid on prices without completely throttling the economy.
U.S. equity funds registered huge withdrawals in the week ending Oct. 18, hit by a surge in bond yields and escalating geopolitical tensions in the Middle East.
Vietnamese electric vehicle (EV) maker VinFast said on Friday it has entered into a share subscription of up to $1 billion with U.S.-based fund Yorkville Advisors as it seeks to fund expansion in overseas markets.
Russia’s government on Friday published a list of domestically-produced cars that state officials should buy, all either Russian or Chinese brands, highlighting Beijing’s infiltration of Russia’s automobile industry since the Ukraine war.
Drugmaker Merck MRK.N will pay Daiichi Sankyo $5.5 billion to jointly develop three of its candidate cancer drugs, they said, in a deal that could be worth up to $22 billion to the Japanese firm depending on the success of the cell-targeting therapies.
U.S. measures to limit the export of advanced artificial intelligence (AI) chips to China may create an opening for Huawei Technologies [RIC:RIC:HWT.UL] to expand in its $7 billion home market as the curbs force Nvidia to retreat, analysts say.
Country Garden bondholders are seeking urgent talks with the troubled property developer after it missed a $15 million coupon repayment, putting it at risk of default, according to three sources with direct knowledge of the matter.
Credit card giant American Express on Friday reported third-quarter profit that beat expectations, helped by resilient spending from its wealthy customers who shrugged off concerns about an economic downturn.
French car parts maker Forvia on Friday posted solid organic sales growth for the third quarter, but warned that the spreading United Auto Workers strike will take a bigger bite out of revenue in October.
Asian bonds suffered massive foreign outflows in September, hit by a surge in U.S. bond yields and a stronger dollar, which diminished returns for international investors.
