Central-Bank Action Finally Cooling Global Economy
Business activity in Europe slowed sharply in June as previously strong demand for services weakened, an indication that rising borrowing costs may […]
The ‘You-Make-A-Lot-of-Money Tax’ Hits More Americans
The net investment income tax is coming due for millions more taxpayers than a decade ago. That’s no accident.
Chemical Makers, Tool Suppliers Can Now Get Chips Act Money
The Biden administration is expanding eligibility for federal subsidies to semiconductor factory suppliers.
Titanic Sub’s Deadly Implosion Draws Investigation
Officials were undertaking an international investigation into the submersible implosion that killed five adventurers on an expedition to the Titanic.
Eurozone Business Activity Loses Momentum
The Eurozone Composite PMI fell to a five-month low of 50.3 in June, below expectations, with both the services sector and manufacturing […]
Thyssenkrupp Nucera IPO Seen Valued up to €2.7 Billion
Thyssenkrupp and Industrie de Nora set the price range for the Thyssenkrupp Nucera IPO at €19-21.5, with the first day of trading […]
Eni to Buy Privately-Owned Neptune
Eni and its unit Var Energi will buy Neptune Energy’s global and Norwegian operations for around $4.9 billion, including debt.
GSK Settles Zantac Litigation in US
GSK said it reached a confidential settlement with plaintiff James Goetz regarding the legal action concerning Zantac and accusations that it causes […]
UK Retail Sales Unexpectedly Tick Up
Retail-sales volumes in the U.K. rose 0.3% on month in the May, helped by warm weather that boosted online trading, though the […]
Siemens Energy Scraps Outlook on Further Gamesa Problems
Siemens Energy said it was withdrawing its profit guidance for fiscal 2023 due to an extended technical review triggered after a substantial […]
Spanish Bonds Expected to Outperform Post-Elections
Spanish government bond spreads are trading expectations for improved economic fundamentals after the July 23 elections, resulting in “optical near-term richness” versus […]
USD/SGD Rises, Boosted by Safe-Haven Demand
USD/SGD rose in the Asian afternoon session, boosted by safe-haven demand for the greenback.