Bloomberg The day after Haruhiko Kuroda pledged to allow greater swings in Japan’s giant bond market while pushing back against rapid increases, traders are putting him to the test. Moves in 10-year government debt futures were so extreme — a drop of as much as 0.5 percent, the most in almost two years — that they triggered an emergency margin ...

Bloomberg China is threatening to impose a 25 percent tariff on imports of US liquefied natural gas, potentially a major blow to an emerging American business. It’s the first time the fuel has been ensnared by the trade war, coming as part of a $60 billion response to a Trump administration plan to impose more levies. The move adds new ...

Bloomberg It’s turning into a good week for Eskom Holdings SOC Ltd., South Africa’s state-owned electricity company. The cash-strapped utility’s borrowing costs fell as it tapped international debt markets for the first time in more than three years, barely a week after it secured a $2.5 billion loan from China Development Bank. It also moved closer to a wage deal ...

Bloomberg Saudi Arabia, which recently pledged oil-supply increases to tame rallying crude prices, cut production last month, according to OPEC delegates familiar with the matter. The biggest member of the Organization of Petroleum Exporting Countries pumped 10.3 million barrels a day in July, according to the delegates, who asked not to be identified because the data is private. The kingdom ...

Bloomberg The trade war between the world’s two biggest economies is taking on a life of its own. When President Donald Trump first threatened to slap tariffs on Chinese goods in March to punish Beijing for stealing American intellectual property, trade experts warned the two nations risked slipping into a downward spiral of tit-for-tat trade actions. The global economy now ...

Bloomberg Kraft Heinz Co. has narrowed the list of bidders for a portfolio of Indian businesses it’s selling that includes the children’s milk drink Complan, people with knowledge of the matter said. Tata Group, India’s biggest conglomerate, and Dabur India Ltd., the $11.3 billion consumer-goods company, are among suitors selected for the second round of bidding, according to the people. ...

Bloomberg A group of Republican and Democratic senators slammed Alphabet Inc.’s Google over reports it is developing a censored version of its search engine for the Chinese market. China critic Senator Marco Rubio, a Florida Republican, was joined by five other lawmakers on a letter to Google CEO Sundar Pichai demanding answers about the proposed “Dragonfly” search engine. “If true, ...

Bloomberg Fiat Chrysler Automobiles NV filed a US trade complaint seeking to prevent Indian automaker Mahindra & Mahindra Ltd. from importing an off-road vehicle that looks similar to its iconic Jeep. The Fiat Chrysler group filed the complaint on August 1 at the US International Trade Commission, claiming that the Mahindra Roxor infringes key characteristics of Jeep’s signature trade dress ...

With only eight months left until Brexit, the UK government has become desperate for a transition deal. For all the talk of stockpiling food and medicines, no self-respecting politician would take the country through the economic calamity of a “cliff-edge” Brexit. The prime minister is doing the rounds to promote her “Chequers” blueprint, which includes a free trade area for ...

The earnings season three months ago raised one key question for corporate America: Did companies have the pricing power to respond to rising freight and commodity costs by raising their own prices? This quarter’s earnings season is providing an answer: Yes. So companies are going to raise prices. That aims to protect their profit margins. At whose expense? The whole ...