Stocks slide, treasury yields jump as inflation fears crescendo
Asian and European shares fell, U.S. and European bond yields hit multi-year highs, and oil prices climbed on Wednesday as investors braced for tighter monetary policy to combat troubling levels of inflation.
‘Sustainable’ firms raise record amount of equity in 2021
Companies in “sustainable” sectors including renewable energy raised a record amount of equity in 2021, Refinitiv Eikon data showed, boosted by surging demand for investments addressing social and environmental problems.
Polish commission told more phone-hacking victims likely
Poland is likely to have had more victims of phone hacking using spyware developed by Israel-based NSO Group, a researcher told a commission, after allegations that Polish special services used the technology against government opponents.
Exclusive: U.S. examining Alibaba’s cloud unit for national security risks
The Biden administration is reviewing e-commerce giant Alibaba’s cloud business to determine whether it poses a risk to U.S. national security, according to three people briefed on the matter, as the government ramps up scrutiny of Chinese technology companies’ dealings with U.S. firms.
Oil hits 7-year highs as tight supply bites
Benchmark oil prices climbed to their highest level since 2014 on Tuesday as possible supply disruption after attacks in the Mideast Gulf added to an already tight supply outlook
BOJ raises inflation forecasts but rules out policy tightening
The Bank of Japan raised its inflation forecasts on Tuesday but said it was in no rush to change its ultra-loose monetary policy, as rising prices fan speculation it may soon signal a shift in its decade-old stimulus experiment.
UK sees record job creation but inflation squeezes wages
British employers hired a record number of staff last month and labour shortages deepened, increasing the chance that the Bank of England will raise interest rates again next month, but pay was squeezed by rapidly rising inflation.
Hong Kong fund to sell Japan, S.Korea Burger King business in deal over $1bln – source
Private equity firm Affinity Equity Partners is this week launching the sale of its Burger King fast-food businesses in South Korea and Japan, in a deal that could fetch more than $1 billion, a person with knowledge of the matter told Reuters.
Japan steel industry says EU extension of anti-dumping measures inappropriate
The head of Japan’s main steel industry lobby said on Tuesday the European Union’s decision to extend anti-dumping measures on electrical steel from Japan was inappropriate and it would consider taking action
Less than half of projected U.S. renewable diesel output likely by 2025- study
U.S. refiners and biofuel companies are likely to reach less than half the renewable diesel production projected by the U.S. government for 2025 due to policy and feedstock constraints, according to a study released Tuesday from consultancy Cerulogy.
