Oil fluctuated as investors weighed lingering concerns about an economic slowdown against bullish signals from the US and OPEC.
Treasury Wine Estates Ltd., best known for its Penfolds brand, said it expects demand for its premium and luxury products to remain strong even as an economic downturn threatens to exacerbate cost-of-living pressures.
Abu Dhabi-based artificial intelligence firm G42, which counts Mubadala Investment Co. and Silver Lake as its backers, is setting up a $10 billion fund with a focus on technology investments in emerging markets.
The Philippines is planning to sell its first local-currency bonds to retail investors since Ferdinand Marcos Jr. became president in June to help fund a record spending spree to boost the nation’s recovery from the pandemic.
China lashed out at a $52 billion program to expand American chipmaking, saying the landmark blueprint contains elements that violate fair market principles and targets Beijing’s own efforts to build a semiconductor industry.
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