Bloomberg Peru raised interest rates to a 13-year high to tame soaring inflation that has triggered mass unrest in recent days. The central bank lifted its key rate half a percentage point to 4.5%, its ninth straight hike, in line with analyst forecasts. “The significant rise in international prices of energy and food since the second half of last …

  Bloomberg Societe Generale agreed to sell its Rosbank PJSC unit to the investment firm of Russia’s richest man, taking a hit of about $3.3 billion to exit the heavily sanctioned nation. The bank signed an accord to sell its entire stake in Rosbank and its Russian insurance subsidiaries to Vladimir Potanin’s Interros Capital. Despite the financial hit, SocGen said …

  Bloomberg The feel-good days for global markets at the end of March are firmly over. Everything from stocks to bonds is falling — even oil has pulled back from near records — in a concerted cross-asset selloff with echoes of the rate-spurred rout of October 2018. Blame it on a Federal Reserve intent on restricting policy to tamp down …

  Bloomberg Tencent Holdings Ltd. surged more than 5%, joining the rest of China’s gaming industry in a rally after regulators approved the country’s first batch of new titles in more than eight months. The National Press and Publication Administration published a list of 45 domestic titles on its website, confirming an earlier Bloomberg News report. While leaders Tencent and …

  HANOI / WAM Vietnam’s e-learning market is expected to reach revenue of around $3 billion by 2023 with a CAGR of about 20.2% from 2019-2023, the Vietnam News Agency (VNA) quoted a report by Ken Research as saying. Vietnam’s educational technology (Edtech) market is said to hold high potential and is drawing attention from investors, especially in the context of …

London / Gulf Time dnata, a leading global air and travel services provider, has inaugurated a new, state-of-the-art cargo centre at London Heathrow airport (LHR). Part of the company’s ‘dnata City East’ complex, the bespoke facility further increases dnata’s capacity at London Heathrow airport, ensuring continued smooth handling of a broad range of goods amid rapidly increasing demand for reliable …

  Bloomberg Benchmark European natural gas prices declined for a seventh consecutive session, with Russian flows to the continent continuing while the war in Ukraine grinds on. Orders for Russian gas shipments via Ukraine edged higher, but remained below capacity, while the Yamal-Europe pipeline continued to flow eastward to Poland from Germany. Gas transiting Russia’s main pipeline link to Europe, …

Bloomberg Travel disruption continued to hit UK holidaymakers as officials warned of expected queues at airports later in the week and motorists faced fuel shortages. Both EasyJet Plc and British Airways had more cancellations, though the airlines said those flights had been called off in advance. According to FlightAware data, British Airways canceled 7% of flights today and delayed 19%. …

  Bloomberg Sichuan Airlines Corp suspended one of its employees after contentious comments he posted online were unearthed, highlighting growing jitters in China after a deadly air crash last month. An internet user took to Weibo to ask the carrier to prevent the staff member in question — identifiable as an ethnic Mongolian Chinese national called Ayingga — from flying …

  Bloomberg Clearpay Finance Ltd is partnering with mall landlord Unibail-Rodamco-Westfield in the UK, continuing the buy-now-pay-later provider’s expansion into brick and mortar retail globally. Customers at 13 stores in Westfield’s pair of giant London shopping centers will be given the option to pay in installments through Clearpay, which is known as Afterpay outside Europe. It adds to Clearpay’s UK …