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Business

Bank of Korea’s Rhee says policy tightening unlikely to end before Fed

By jm-choffatcom September 11, 2022September 5, 2022

The Bank of Korea (BOK) must keep raising interest rates until the rate of inflation is in decline, but the central bank likely could not halt its tightening before the…

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Business

Brazil soccer clubs poised for gold rush to reduce gap to Europe’s elite

By jm-choffatcom September 10, 2022September 5, 2022

A new law allowing soccer clubs in Brazil to seek outside investment is attracting hundreds of millions of dollars to a country renowned as football's biggest source of talent, a…

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Business

Japan’s Suzuki drives deeper into India with global R&D unit

By jm-choffatcom September 9, 2022September 5, 2022

Suzuki Motor Corp (7269.T) will set up a global research and development company in India, its president said on Sunday, pushing deeper into a market that is set to become…

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Business

Norway’s Equinor eyes sale of stake in Statfjord field, presentation shows

By jm-choffatcom September 8, 2022September 5, 2022

Norway's Equinor is considering selling a 28% stake in Statfjord field, which straddles the Norwegian and British continental shelves, alongside minority stakes in several satellite fields, a presentation seen by…

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Business

Wall St Week Ahead U.S. summer stock rally at risk as September looms

By jm-choffatcom September 7, 2022September 5, 2022

The 10.7% rally in the S&P 500 (.SPX) from its June lows is stumbling as it runs into what has historically been the toughest month for the U.S. stock market,…

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Business

In Poland, where coal is king, homeowners queue for days to buy fuel

By jm-choffatcom September 6, 2022September 5, 2022

In Poland's late summer heat, dozens of cars and trucks line up at the Lubelski Wegiel Bogdanka coal mine, as householders fearful of winter shortages wait for days and nights…

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Business

Dell ceases all Russian operations after August offices closure

By jm-choffatcom September 5, 2022September 5, 2022

Dell Technologies Inc. said on Saturday it had ceased all Russian operations after closing its offices in mid-August, the latest in a growing list of Western firms to exit Russia.…

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