Many major economies will enter recessions over the next 12 months amid tightening government policies and rising living costs, pushing the global economy into a synchronized growth slowdown, according to Nomura Holdings Inc.
Advanced Info Service Pcl, Thailand’s biggest mobile phone operator, plans to expand its network by acquiring Triple T Broadband Pcl and an infrastructure fund for a total of 32.4 billion baht ($908 million).
Shares of Japanese utilities extended a rally on the back of hot summer weather that is driving demand for cooling and pushing spot electricity prices higher.
As bad as the world’s energy crisis has been this year, it would been much worse without a wetter-than-usual start to China’s rainy season.
Evidence is building that the worst of the yen’s rout may be over amid concerns about a global recession and lingering speculation over a Bank of Japan policy shift.
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