The Bank of Japan just shocked markets with a policy tweak — here’s why it matters
The Bank of Japan loosened its yield curve control in an unexpected move with ramifications across global financial markets.
AstraZeneca CFO denies geopolitics impacts the company’s China business after spinoff rumors
Aradhana Sarin told CNBC the company was in a “very unique space” regarding impact from rising geopolitical tensions between China and the west.
Strong gas business helps to cushion Eni profit fall
Italian energy group Eni reported a 49% fall in its adjusted net profit in the second quarter.
NatWest reports profit rise amid fallout from Farage fiasco
NatWest reported a jump in first half profit on Friday, as it battles to contain the fallout from a clash with former Brexit party leader Nigel Farage.
British Airways-owner IAG beats forecasts, mindful of uncertainty ahead
Leisure travel has boomed since pandemic restrictions ended last year.
Ukraine war live updates: Putin praises ‘militant friendship’ with North Korea; U.S. intelligence highlights China’s economic support for Russia
An unclassified U.S. intelligence report pointed to an uptick in China’s economic support for Russia as it seeks to mitigate the effect of Western sanctions.
Vietnam’s EV maker VinFast set to break ground on delayed U.S. factory
VinFast said the 1,800-acre facility is designed to produce up to 150,000 vehicles a year in phase 1. The factory is expected to start operations in 2025.
China’s housing ministry is getting ‘bolder’ about real estate support
The news indicates how different government levels are starting to act just days after Beijing signaled a shift away from its real estate crackdown.
Standard Chartered first-half profit beats estimates, sets new $1 billion share buyback
StanChart, which earns most of its revenue in Asia, said statutory pretax profit for the first six months of this year reached $3.32 billion.
Bank of Japan loosens yield curve control, pledging ‘greater flexibility’
The BOJ also kept its ultra-loose interest rate intact and revised core consumer inflation forecast upward for the current fiscal year.
