Bloomberg Fast Retailing Co climbed the most in three months after projecting a record full-year profit on a weaker yen and as strong sales globally outweigh a China slump due to Covid Zero lockdowns. Shares of Uniqlo’s owner surged as much as 8.5% in Tokyo, the biggest intraday gain since mid-April, and were 8.4% higher. The Topix was little …

Bloomberg The share of US flight delays caused by airlines, as opposed to weather or air traffic control, has surged to the highest level on record, reflecting carriers’ struggle in the post-Covid rebound. Through April, airlines triggered about 58% of late flights so far in 2022, surpassing those that were tardy due to storms, the government’s air-traffic system and security …

  Bloomberg Morgan Stanley’s revenue from investment banking plummeted as capital markets seized up, underlining a slow quarter for Wall Street as a dour outlook for the economy muddles the path forward. The firm’s investment-banking group posted $1.07 billion in revenue, down 55% from a year earlier, a bigger decline than the 47% drop analysts had predicted. The bank also …