Bloomberg Foreign investors are piling back into Taiwan’s market thanks to expectations of slower global rate hikes, helping make the benchmark gauge one of the region’s best performers this month. The stock rebound and influx of foreign capital come ahead of local elections, with polls serving as a show of confidence in the ruling Democratic Progressive Party ahead of a …

Bloomberg Oil falls for a second day as the European Union (EU) considered a higher-than-expected price cap on Russian crude and evidence mounted of challenges to demand. West Texas Intermediate slipped below $78, trading in a narrow range and with volumes thin due to a US holiday. EU diplomats are locked in negotiations over how strict the Russian mechanism should …

Bloomberg Qantas Airways Ltd. upgraded profit expectations for the final six months of 2022 just weeks after its initial forecast, highlighting the intensity of a demand rebound that has sent fares soaring. The airline’s shares jumped. The Australian airline said it expects underlying profit before tax in the period of between A$1.35 billion ($900 million) and A$1.45 billion. That’s A$150 …