Bloomberg Russia said on Monday its missile strike on Odesa targeted a military area and wouldn’t affect plans to resume grain exports from the Black Sea port. Wheat prices have surged since the Russian attack, which came a day after it signed a Turkish-mediated deal to allow safe transit for Ukrainian grain shipments blocked since the war. Ukraine is continuing ...

Bloomberg China said it was getting “seriously prepared” for the possibility that Nancy Pelosi visits Taiwan in the coming weeks, underscoring the risk of a showdown between Washington and Beijing over a trip by the US House speaker. Chinese Foreign Ministry spokesman Zhao Lijian made the comment in response to a Financial Times report that Beijing had privately issued warnings ...

  Bloomberg Mike Pence is getting a one-day head start on rallying the Republican base in Washington before his former boss, Donald Trump, returns to the US capital for the first time since the violent end to his presidency. The timing of the speeches —Pence on Monday, Trump on Tuesday —is shaping up as a contest between the two men. ...

Bloomberg Myanmar’s military regime has executed four individuals, including a deposed pro-democracy lawmaker and a prominent activist, in its first use of the death penalty in over three decades, state media reported on Monday. Kyaw Min Yu, also known as Jimmy, a leader of the activist group that opposed former dictator Ne Win, and Phyo Zeya Thaw, a civilian lawmaker ...

  Bloomberg After a televised Conservative leadership debate exposed the stark divisions among rivals vying to be the next UK prime minister, Rishi Sunak turned to Liz Truss and asked: “Why are we doing this?” Both are now in the runoff to succeed Boris Johnson as Tory party leader. Yet any intentions to try to temper so-called blue-on-blue attacks ahead ...

Bloomberg The surge in the dollar this month to its strongest levels in decades has won a tacit endorsement from Washington, offering little official restraint to the currency in a notable shift from past occasions. Congressional hearings with key policy makers including Treasury Secretary Janet Yellen and Federal Reserve Chair Jerome Powell have seen barely a mention of the greenback’s ...

Bloomberg India’s central bank may be pivoting to the spot market from forwards in its attempts to shield the rupee from fresh record lows — in order to minimise the knock-on effects of its intervention strategy. Reserve Bank of India’s (RBI) foreign-exchange reserves have fallen by about $30 billion since the end of May to $573 billion, according to its ...

  Bloomberg Julius Baer Group Ltd said the worst of the market selloff may be over for the Swiss wealth manager after a first half that was one of the most difficult in decades. Clients have started to come back and will probably look for ways to make money again in the second half, CEO Philipp Rickenbacher said. First-half profit ...

  Bloomberg Stocks and US equity futures reversed earlier declines on Monday as earnings expectations outweighed concerns about a possible recession. S&P 500 and Nasdaq 100 futures rose, while European stocks extended gains after their best week since May. China’s property shares pushed higher amid a report that officials plan a fund to support struggling developers. Treasury yields advanced and ...

  Bloomberg Chinese property stocks and dollar bonds rallied on Monday, as a reported move by Beijing to establish a fund to support developers fuelled optimism about a turnaround for the struggling sector. A Bloomberg Intelligence index of the country’s real estate firms jumped 1.7%, the most in a week. China’s high-yield dollar notes, predominately issued by developers, rose at ...