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Indonesia is addressing exporter concerns over new rules requiring onshore retention of export earnings by developing a financing scheme and tax incentives.
Lending to euro zone companies and households has slowed, indicating higher interest rates are curbing credit growth and economic expansion.
Japanese automaker Nissan will invest up to $663 million in Renault’s electric vehicle unit, Ampere, as part of their restructured partnership.
European stock markets retreat as investors analyze quarterly earnings reports. Fed set to raise rates, focus on Chair Powell’s comments. Oil prices dip on US inventories rise.
Elon Musk’s rebranding of Twitter to “X” has led to curiosity about whether he obtained the @X handle for free or paid a substantial sum.
Thales, a French defense electronics provider, expands its cybersecurity presence with the acquisition of Imperva, aiming to strengthen its position in the global cybersecurity market.
Chinese property developers’ stocks and bonds surged after policymakers promised increased support for the struggling sector.
S&P Global Ratings downgrades Bangladesh’s long-term rating outlook, citing risks to external liquidity and shrinking foreign exchange reserves.
German sportswear giants Adidas and Puma are experiencing renewed interest in their retro “terrace” sneakers, potentially giving them an edge over Nike this summer, though overall consumer demand in the U.S. and China remains weak.
German drugs and pesticides maker Bayer lowers its 2023 earnings forecast and plans a €2.5 billion write-down on glyphosate-related assets.
