Japan’s cabinet reshuffle is likely to keep the central bank’s monetary easing intact while the government may do more to ease the pain of rising prices for households, according to economists. 

The overhaul Prime Minister Fumio Kishida said would take place Wednesday is expected to retain the same figures in key posts including Finance Minister Shunichi Suzuki and Chief Cabinet Secretary Hirokazu Matsuno, indicating the government’s policy direction will largely stay the same. 

The Los Angeles-based company, which went public late last year, now sees revenue in a range of $480 million to $500 million in its current fiscal year -- a reduction of $35 million from the previous range. 

An impurity called a nitrosamine was found in some samples of the drug, which has the chemical name of sitagliptin, the US Food and Drug Administration

The robot arms are designed to replenish drinks in refrigerators and are now in mass production, Tokyo-based Telexistence said in a statement Wednesday. They’ll be installed in FamilyMart locations across major metropolitan areas later this month and help relieve store workers while also filling the void left by a shrinking workforce in the country.

JPMorgan Chase & Co. economists said the Inflation Reduction Act will have “almost no effect” on price growth that’s currently running at the fastest pace in four decades. 

The landmark tax, climate and health-care bill, which passed the Senate on Sunday and is headed for the House on Friday, puts a slimmed-down version of President Joe Biden’s domestic agenda on a path to becoming law after a year of Democratic infighting that the White House was unable to control. 

Oil edged lower as traders waited to see whether a key crude pipeline from Russia to Europe would resume flows, and assessed industry estimates that pointed to an increase in US inventories last week.

West Texas Intermediate fell toward $90 after a volatile session on Tuesday, when Russia’s Transneft PJSC said Ukraine halted flows through the southern section of the Druzhba pipeline toward Hungary, the Czech Republic and

China’s consumer inflation accelerated in July to the highest level in two years, largely due to surging pork costs, while weak consumer demand kept overall price pressures in check.

The consumer price index rose 2.7% last month from a year earlier as pork prices surged 20.2%, National Bureau of Statistics data showed Wednesday. The pickup in CPI was lower than the 2.9% median estimate in a Bloomberg survey of economists and compares with 2.5% growth in June.

Chinese property junk debt has been one of the most profitable and popular corporate bond trades of the past decade, built on the back of the nation’s economic growth engine and introduced to the world via Hong Kong. 

Now, the $203 billion market — which once padded portfolios across the world from Pimco to UBS — is all but dead.

When investor demand for Chinese property debt was approaching its peak back in 2018, a banker could pull together the makings of a multi-million dollar deal during a Saturday boat trip around Hong Kong’s harbor and barely look up from her drink while doing it.

Now, the $203 billion market—which once yielded several deals a week and padded portfolios across the world from Pimco to UBS—is all but dead. And offshore investors are swallowing almost all of the losses. 

Tesla’s chief executive officer offloaded the shares on Aug. 5, according to the new filings. Musk has now sold around $32 billion worth of stock in the electric-car maker in the past 10 months. The purpose of the latest sales wasn’t immediately clear.    

CBS and NBC are nearing deals to join Fox as a broadcaster for Big Ten sports next year after ESPN bowed out of the bidding, according to people familiar with the matter.

The conference is expected to sell three separate packages, with each broadcaster getting different Saturday time slots.

While the outlook for global crops is improving from the tumultuous weeks after Russia’s attack on Ukraine, the threats of drought, flooding and blistering heat are keeping supplies tight and prices elevated.

Crop futures have retreated to pre-war levels, and the UN’s monthly measure of food prices

Hotel workers claim they are losing hundreds of pounds in tips following changes to the service charge at a luxury hotel.

The Unite union said around 60 workers are protesting about an "opaque" system for the distribution of tens of thousands of pounds' worth of tips and service charges at Cameron House Hotel on Loch Lomond.

Taiwan accuses China of preparing for a possible invasion. Semiconductor stocks tumble. Beijing launches review of $3 trillion trust industry. Here’s what you need to know today.

House Speaker Nancy Pelosi’s swing through Asia aimed to convey the US’s “strong and unshakable” support for the region. It ended up leaving many countries in stunned silence. Shockwaves from Pelosi’s stop in Taiwan are still reverberating, after China conducted, and then extended,

Taylor Swift says she couldn’t have ripped off the lyrics to her hit “Shake It Off” from a song she’d never heard before. 

Swift defended herself as the sole songwriter of the 2014 song in a sworn declaration filed Monday, saying “the lyrics to Shake It Off were written entirely by me.” It’s the latest response to a copyright infringement suit two songwriters from the band 3LW filed against Swift in 2017.

Cryptocurrency investment is “highly hazardous” but meltdowns in the sector haven’t created financial-stability risks for Singapore, regulators in the city-state said after another digital-asset firm ran into trouble.

The Monetary Authority of Singapore has rescinded its in-principle approval for crypto lender Hodlnaut to obtain a license to provide digital payment token services under the Payment Services Act, an MAS spokesperson said in an emailed statement Tuesday. That came after Hodlnaut told MAS of its intention to withdraw its application amid

The $5 trillion rally in US stocks: a new bull cycle, or yet another mirage? Evidence is so divergent that even professional forecasters at the same firm can’t agree. Stakes are sky high with the most-scrutinized economic report in the world about to land. 

At Evercore ISI, the head of technical analysis, Rich Ross, just pronounced the 2022 bear market is over, citing everything from chart patterns to peak inflation and investor sentiment. The next 500 points on the S&P 500 will be higher, he says.  

Brightline is building a 168-mile extension to

Rod Colburn is joining Deutsche Bank’s international private bank as a managing director and senior relationship manager, according to a memo to staff seen by Bloomberg. Colburn will report to Anthony Valvo, the unit’s market head for New York and the US Southeast. 

For travelers, the news rang like a dinner bell, especially with the August high season approaching. Two years of lockdowns and border restrictions have Americans desperate to visit the Continent, eager to

The pandemic-era freeze on student debt payments has “dramatically” improved credit scores for Americans who borrowed money to pay for college, the Federal Reserve Bank of New York said. 

About 30 million people saw improvements in their risk profile, with the biggest gains going to borrowers who were delinquent before the pandemic, New York Fed economists said in a

Unifin’s dollar bonds due in 2029 fell sharply to trade as low as 10.4 cents from above 40 cents on Monday, according to pricing data compiled by Bloomberg.