Investors are calling for Switzerland to overhaul its rules on Additional Tier 1 bonds, arguing that the market will stay closed unless regulations are brought in line with the rest of Europe.
British Sugar will take the unusual step of paying farmers a premium to harvest some beets early for next season, signaling there are worries supply will remain tight later this year.
China said it released relevant notices on the risk of falling debris near Taiwan this weekend following a planned satellite launch, denying Taipei’s claims that a no-fly zone will be imposed to the north of the island.
European stocks edged higher on Friday, set for their longest weekly run of gains since early December on speculation the Federal Reserve and other central banks are nearing the end of their hiking cycles. Treasuries steadied.
South Korean President Yoon Suk Yeol’s approval rating has fallen to its lowest level in about six months, dragged down by his response to leaked documents that purportedly showed the US spied on its ally.
The Chinese Ministry of Commerce has announced a review of its existing anti-dumping and anti-subsidy duties on barley imports from Australia, a major move toward reducing the ongoing trade tensions between the two nations.
The key iron ore export hub of Port Hedland reopened after the biggest cyclone to hit Western Australia in at least a decade made landfall, with a major gold mine lashed by destructive winds as the storm moved inland.
Eskom Holdings SOC Ltd. appointed Bheki Nxumalo head of generation, a key role at the state-owned South African utility that’s failing to meet electricity demand because of frequent breakdowns at poorly maintained power plants.
Europe survived the most perilous stretch of its energy crisis without significant supply disruptions. Then workers in France went on strike, roiling activities from ports to power plants.
Taiwan’s destabilization would be a “horror scenario,” German Foreign Minister Annalena Baerbock said in a testy public exchange with her Chinese counterpart.
