China is escalating its defense of the yuan, pushing up funding costs in the offshore market to squeeze short positions and setting a new record with its stronger-than-expected reference rate for the currency.
Leaders of the BRICS nations will focus on ways to reduce dependence on the US dollar when they meet starting Tuesday, South African Deputy President Paul Mashatile said.
Back in 2008, the last time Thaksin Shinawatra stepped foot in Thailand, he was adored among the nation’s poorer masses and widely despised by the royalist elite who backed his removal in a coup two years earlier.
SBB, the landlord at the center of Sweden’s commercial property crisis, was slammed with a downgrade of five steps further into junk by Fitch Ratings in a fresh blow for its new chief executive’s efforts to stabilize finances.
Microsoft Corp.’s $69 billion Activision Blizzard Inc. acquisition got a new chance at winning approval from UK regulators after the tech giant submitted a substantially different deal to the country’s antitrust watchdog.
European natural gas prices eased as Woodside Energy Group Ltd. said it was having “constructive” discussions with workers who are threatening to strike at a key export facility in Australia.
Swiss watch exports declined slightly in July, the first monthly drop in more than two years, raising concerns that demand for pricey timepieces is beginning to slow amid higher prices and economic pressures.
The support for Poland’s far-right party slumped in the latest opinion poll with the ruling Law & Justice party short of the majority to stay in power less than two months before a parliamentary election.
UK government borrowing came in below official forecasts in the first four months of the fiscal year, providing potential room for Chancellor Jeremy Hunt to cut taxes.
Ukrainian President Volodymyr Zelenskiy sought help from Balkan leaders to ensure his country’s access to the Black Sea and protect grain shipments blockaded by Moscow.
