Bloomberg Markets were muted on Wednesday with investors mostly staying on the sidelines before another expected rate hike from the Federal Reserve. Treasuries and the dollar gained on haven flows after Russian President Vladimir Putin stepped up his war against Ukraine. US equity futures pointed to a recovery from the slide in the S&P 500 on anxiety policy makers are …

  Bloomberg India’s capital market regulator has increased vigil over new age fintech companies amid exponential growth in that sector and pledged to tighten scrutiny of their business models after some large initial public offerings left retail investors with significant losses. “In past we have been little late to the party but now it is our intention to narrow that …

  Bloomberg Cryptocurrency investors waited with bated breath for a Federal Reserve policy decision that likely holds the key to whether Bitcoin can avert a drop to levels last seen when the pandemic was raging globally. The largest token was little changed at $19,000 as of 11:44 a.m. in Singapore on Wednesday, while other major coins like Ether, Solana and …

Bloomberg The German government is planning to inject about 8 billion euros ($8 billion) into Uniper SE as part of a historic agreement to nationalise the gas giant and stave off a collapse of the country’s energy sector. Uniper confirmed it is in final discussions with the government over a package that would include an 8 billion-euro capital increase, subscribed …

Bloomberg Norway’s $1.2 trillion sovereign wealth fund will require the companies it invests in to reach net-zero emissions by 2050 at the latest, joining many global investors in setting such goals to prevent the financial risks from a “delayed transition.” Just 10% of companies in the wealth fund’s portfolio have a net-zero target for 2050, even as many have taken …

  Bloomberg Flying business class has always been beyond the means of most fliers. Now even companies can’t afford fares that have soared as the world tries to reconnect in the wake of Covid. A return business-class flight on the longest routes, between New York and Sydney, for example, can cost more than $20,000, about double the price from pre-pandemic …

  Bloomberg Boeing Co and China’s aviation authority held a meeting to evaluate the 737 Max aircraft, which hasn’t been fully approved to return to commercial service in the country despite flying again in most other markets. The talks were held in Zhoushan in eastern China, according to CAAC News, the media arm of the Civil Aviation Administration of China. …

Bloomberg Ralph Lauren Corp is targeting sales growth over the next three years that’s faster than Wall Street’s estimates, with the fashion brand aiming to pick up new customers and continuing to raise prices. The New York-based apparel company is targeting revenue growth in the mid-to-high single digits in each of the next three fiscal years, including the current one, …

  Bloomberg Mike Ashley is stepping down from the board of Frasers Group Plc four decades after he founded his retail business and just months after son-in-law Michael Murray became CEO of the Sports Direct-owner. The 58-year-old Ashley still holds an almost 70% stake in Frasers and said he remains “100% committed” to the business even though he won’t seek …

  Bloomberg With the pandemic waning, the US is gearing up for pre-pandemic levels of trick-or-treating, despite inflation levels not seen for 40 years. Undeterred by soaring prices, 69% of consumers are planning to celebrate Halloween this year compared with 68% in 2019, the National Retail Federation (NRF) said. A survey commissioned by the trade group found that consumers plan …