 | | | | U.S. bond funds witnessed massive outflows in the week to June 8 after a weekly inflow, as a better-than-estimated payrolls report made the case for a faster pace of interest rate hikes. | | | | | | Production at Tesla Inc's Shanghai factory is on track to fall by over a third this quarter from the first three months of the year as China's zero-COVID lockdowns caused deeper disruptions to output than Elon Musk had predicted. | | | | | | A former top seller for Amazon in India, Cloudtail, has accused India's antitrust agency of illegally detaining its employees during a raid over suspected competition law violations, court documents seen by Reuters show. | | | | | | Finland's national carrier Finnair , hit hard by the closure of Russian airspace, plans to shift its focus away from Asia travel and reduce the size of its operations, the chief executive told Bloomberg News, the agency reported on Friday. | | | | | | The Japanese yen this week fell to levels against the U.S. dollar last seen in early 2002. | | | | | | The Bank of England looks set to raise interest rates next week for the fifth time since December, its steepest run of rate hikes in 25 years, and is likely to keep going in the coming months as inflation heads for double digits. | | | | | | The S&P 500 and the Dow futures eased on Friday, as investors eagerly awaited monthly inflation data to see if the decades-high growth in prices has really peaked against the backdrop of the Federal Reserve's aggressive efforts to tame it. | | | | | | Reduced consumer spending, rising interest rates and trickier credit conditions spell trouble for Buy Now Pay Later lenders, raising the prospect of consolidation in the sector. | | | | | | Japan's government and central bank said on Friday they were concerned by recent sharp falls in the yen in a rare joint statement, the strongest warning to date that Tokyo could intervene to support the currency as it plumbs 20-year lows. | | | | | | Russia's central bank cut its key interest rate to the pre-crisis level of 9.5% on Friday and said it would continue to explore the scope for more cuts as inflation slows from near 20-year highs and economic contraction looms. | | | | | |
