Bloomberg HSBC Holdings Plc has been examining an initial public offering of its Indonesian business to tap buoyant investor demand in the world’s fourth-most populous country. Plans for a share sale in Jakarta are at an advanced stage, said people familiar with the plan, asking not to be named discussing an internal matter. It has yet to file a …

Bloomberg The risk of stagflation isn’t causing companies to pull back on investment yet, according to the finance chiefs of some of Canada’s largest banks. “They are ramping up inventories and investing in their businesses. And that’s what’s driving the increased borrowing, whether that’s increasing utilization of lines, which we are seeing, or new borrowing with existing and new clients,” …

  Bloomberg The Reserve Bank of India’s (RBI) expenditure surged as it tucked away more money towards a contingency fund, its annual report showed, a development economists said cut the central bank’s surplus and led to the smallest dividend payout in a decade to the government. While income rises by 20.1% in the financial year to March 2022, expenditure zoomed …

  Bloomberg The yen’s recovery from a 20-year low is picking up pace, with options markets and analysts suggesting the rebound has some room to run. After rising over 3% from its trough, Japan’s currency may climb back to 125 as global growth worries fuel demand for havens and US yields ease, according to Shinkin Asset Management and IG Markets …

Bloomberg Apple Inc is planning to keep iPhone production roughly flat in 2022, a conservative stance as the year turns increasingly challenging for the smartphone industry. The company is asking suppliers to assemble roughly 220 million iPhones, about the same as last year. Market forecasts have hovered closer to 240 million units, driven by an expected major update to the …

  Bloomberg Renault SA is developing a family-sized passenger car that will run on electricity for short drives and hydrogen for longer trips as part of the company’s push into fuel-cell technology. Dubbed Scenic Vision, the vehicle will have a carbon footprint that’s 75% lower than a conventional electric vehicle because it uses mostly recycled materials, a smaller battery and …

Bloomberg The UK’s antitrust watchdog started a new investigation of Alphabet Inc’s Google, over suspicions it may have abused its dominant position across its ad tech that goes to the heart of the tech giant’s business model. The move by the Competition and Markets Authority (CMA) opens a fresh front in its regulatory tussle with Google. The CMA said it …

  Bloomberg Dell Technologies Inc surged the most in two years after reporting quarterly revenue that topped analysts estimates on strong demand for business PCs and networking services, a sign that companies have been upgrading their systems as workers return to the office. The shares jumped 13% to $49.58 in New York, the largest single-day rally since March 2020. Dell’s …

  Bloomberg Duke Energy Corp planned to close its last six coal power plants in the Carolinas by 2030 to accelerate the company’s carbon-cutting goals. South Carolina regulators said no—ordering the US utility to keep the plants open longer. The decision sets up a showdown as Duke Energy appeals a regulatory response that threatens the company’s preferred plan to speed …

  Bloomberg Korea Gas Corp, one of the world’s biggest liquefied natural gas importers, expects to win benefits from its current business as it shifts to a future focused on hydrogen. “We’ll completely transform our LNG-driven operations into hydrogen by 2050 in line with South Korea’s carbon neutrality target,” Lee Jae Hoon, a general manager of the company’s hydrogen business …