Follow the latest public stories in Economy and branch into related briefings, coverage, and the broader ZettaWire wire.
Volkswagen plans up to 100,000 job cuts and is weighing further asset sales following a €10 billion marine unit deal, the Financial Times reports.
The US Supreme Court ruled Tuesday that oil giant ExxonMobil could sue Cuba's state-owned oil company and a major business group for what it termed 'unlawful trafficking' of its assets after Fidel Castro's 1959 revolution.
UK's Intertek has agreed to be taken private by private equity firm EQT in a deal valued at $14.5 billion.
The United States and its partners have agreed to develop a $300 billion Iran reconstruction plan, according to a memorandum of understanding. First Squawk reported the MOU.
The Bank of Japan raised interest rates to a 31-year high, marking another landmark step in normalizing monetary policy as it focused on taming price pressures from the energy shock caused by the Iran war.
Treasuries rose across the curve as investors reduced expectations for Federal Reserve interest-rate hikes after news of a deal to end the Iran war.
South Korea aims to expand semiconductor production capacity in the Seoul region twofold over the next five years.
South Korea will invest between 5 trillion and 20 trillion won in new projects in the southwest region, President Lee said.
ECB's Schnabel says from today's perspective, interest rates will need to be raised further to bring inflation back to the two percent target over the medium term.
Indonesia is preparing to scale back President Prabowo Subianto's flagship free meals program, with officials weighing another budget cut of more than $2 billion along with reductions in kitchens and beneficiaries.
BOJ June meeting opinions reveal a hawkish tone, with members stating it is appropriate to continue raising interest rates as financial conditions remain accommodative and currency-driven import costs add to inflation pressures.
Hollywood superagent Ari Emanuel is in advanced talks to acquire theater group ATGEntertainment for £4.5 billion ($5.9 billion), the Financial Times reported.