Page 162 - Bon News Today

(Bloomberg) -- New Zealand placed its fourth-largest city into a snap lockdown after two cases of Covid-19 were reported outside Auckland, where an outbreak of the infectious delta variant continues to fester.

(Bloomberg) -- S&P Global Ratings could upgrade Oman’s sovereign grade for the first time since 2007 after improving its outlook to positive, following a fiscal turnaround that’s reducing the strain on its public finances.

(Bloomberg) -- As China Evergrande Group edges closer to a massive restructuring, Beijing has stepped up efforts to limit the fallout, signaling it’s willing to prop up healthy developers, homeowners and the real estate market at the expense of global bondholders.

(Bloomberg) -- Hungary is “far from the end” of its pursuit of higher borrowing costs, central bank Deputy Governor Barnabas Virag said, after a surprise decision to slow one of Europe’s most aggressive interest-rate hike campaigns triggered a week-long drop in the forint. The currency strengthened.

(Bloomberg) -- Colombia raised interest rates for the first time in five years, following in the footsteps of all the other major inflation-targeting economies in Latin America struggling to curb a surge in prices.

(Bloomberg Markets) -- Steve Lydenberg’s passion for social change was inspired by anti-Vietnam War demonstrations, consumer boycotts, and the movement to divest from apartheid South Africa. But he didn’t take to the streets.

(Bloomberg) -- Private equity firm American Industrial Partners said it took ownership of an aluminum smelter in Dunkirk, France, a key asset owned by Sanjeev Gupta’s GFG Alliance. The U.S.

(Bloomberg) -- Indonesia is looking to raise its value-added tax and delay reducing the corporate income levies as part of a package of reforms aimed at raising government revenues to narrow its budget shortfall.

(Bloomberg) -- Mexico and Colombia boosted interest rates Thursday, with further increases likely this year as all the major economies in Latin America struggle to contain surging prices. Banco de Mexico, known as Banxico, increased its key interest rate by a quarter percentage point to 4.

(Bloomberg) -- Thailand’s state-owned electricity generator and 10 of the nation’s biggest companies have set up a voluntary emissions-offset program that they intend to expand into a full carbon-trading exchange for the country.