Baidu Inc.’s revenue rose its most in more than a year, joining China’s largest internet companies in rediscovering growth after Beijing relaxed its grip on the private sector to try and jumpstart a faltering economy.
A slump in market volatility has hit currency trading desks, squeezing banks’ margins, denting revenue and undermining the recovery from a plunge during the Covid-19 pandemic.
On Oct. 15, Ecuador’s presidential runoff will pit Daniel Noboa, the 35-year-old heir to a banana empire, against Luisa Gonzalez, 45, a political protege of ex-President Rafael Correa. It’s deja vu, politics-style: In the 2006 presidential runoff, Alvaro, Daniel’s father, lost to Correa by a two-digit margin.
Palo Alto Networks Inc. scheduling its earnings call on a Friday afternoon — almost unheard of on Wall Street — whiplashed investors who had seen it as a red flag and dumped the stock, only to pile back in for one of the company’s most active sessions ever.
SoftBank Group Corp. is selling some of its investments in Latin America for the first time, turning a profit on the holdings even though startups in the region have been shut out of the market for initial public offerings.
Srettha Thavisin, a former property tycoon, has become Thailand’s first new prime minister in nearly a decade.
Oil held a modest decline on signs that supply is rebounding while concerns linger about demand in China, the biggest importer.
Iceland’s central bank is set to raise its key interest rate on Wednesday in what could be the last increase for western Europe’s most aggressive monetary authority as price and wage pressures are cooling.
Global equities staged a rebound, with tech in focus as Nvidia Corp. signaled further gains before its earnings report this week.
International Business Machines Corp. will sell its weather business to Francisco Partners, which will operate it as a standalone company.
