Bloomberg Business

Earnings estimates for Indian firms may be slashed by about 40% this fiscal year and next due to a host of global and domestic risks, according to Bank of America Corp.

The world’s most valuable chemicals maker reported worse-than-expected earnings and said the market remained fragile, with demand in China yet to recover strongly and inflation hurting consumers.

China’s recovery may be disappointing some oil bulls, but there’s one incontrovertible fact: the world’s biggest importer is drawing in a lot of crude by sea.

Hong Kong banks including HSBC Holdings Plc raised their main lending rates for the first time this year as liquidity shrinks in the financial hub.

Adani Transmission Ltd., part of Indian billionaire Gautam Adani’s conglomerate, plans to buy back as much as $100 million of bonds issued by a unit in efforts to boost investor confidence, according to people familiar with the matter.

Anheuser-Busch InBev NV, the world’s largest brewer, reported profit growth that beat analysts’ estimates on the strongest pricing in at least a decade.

Wizz Air Holdings Plc’s Persian Gulf venture plans to double its fleet and boost hiring as demand for low-cost flights surges following a slow start during the pandemic.

Germany is urging China to be more ambitious in building renewable energy and helping to finance climate protection efforts in poorer countries.

Sales of smartwatches, including Apple’s top selling version, have plateaued and are no longer a significant threat to the pricier end of the Swiss watch industry, according to Morgan Stanley.

China’s economic recovery showed further signs of imbalance, with manufacturing activity contracting for the first time in months while a surge in holiday travel fueled consumer spending.