Chinese Lithium Giant Tests Investor Demand for Hong Kong IPO

HONG KONG—One of China’s top lithium producers began marketing what is expected to be Hong Kong’s largest initial public offering so far this year, braving recent market volatility to test global investor appetite for shares of new-energy companies. Tianqi Lithium Corp. 002466 -1.01% is aiming to raise more than $1 billion in a listing on … Read more

Derby’s Take: Some Banks See a Need for a 75 Basis Point Rate Increase

While many banks think the Federal Reserve will hold off from a truly supersize rate rise on Wednesday, fearful of what such an unexpected action could do to markets and the broader economy, some believe the central bank may need to surprise with an aggressive move in the wake of bad inflation news. Investment banks … Read more

Some Flight Attendants Can Bring Their Full Selves to Work—Tattoos, Sneakers, Nose Studs and All

Drinks ordered at 36,000 feet may now come served with a side of ink. Virgin Atlantic Airways Ltd. last week announced it has eased its ban on flight attendants showing their tattoos on duty. Uniformed employees of the British air carrier can now display most body art when serving customers without repercussions. Face and neck … Read more

Bank of Canada’s Beaudry: Policy Rate Might Be Headed Toward 3% or Above

OTTAWA—The rapid acceleration in prices has increased the likelihood the Bank of Canada may need to double its policy interest rate, from its current 1.5% level to 3% or higher, to drive inflation toward its 2% target, a senior central bank official said Thursday. “The bottom line is that the risk is now greater that … Read more

Fed’s Logan Says Digital Money Could Affect Central Bank Operations

The Federal Reserve Bank of New York official responsible for managing the central bank’s balance sheet says private digital money could have notable effects on how monetary policy is implemented and could lead to greater variability in the size of central bank balance sheets. Speaking Thursday, Lorie Logan, who is currently the manager of the … Read more

This Tesla-Supplying Battery Maker Has Lost Some of Its Power

The world’s largest maker of EV batteries is struggling to win back investor confidence after shedding nearly $100 billion of market value in less than six months. The market has cooled on China’s Contemporary Amperex Technology Co. 300750 2.77% , or CATL, as high raw-material costs have squeezed its profit margins. Over a longer term, … Read more

Tech Billionaire Brings Down Breakup Plan by Australia’s Biggest Polluter

SYDNEY—A tech billionaire brought down plans by Australia’s biggest polluter to spin off its coal-fired power plants into a new company, handing a big win to environmental activists who want a faster shift toward cleaner energy. Mike Cannon-Brookes, the Australian co-founder of Nasdaq-listed Atlassian Corp. , first tried to buy AGL Energy Ltd. AGL -1.69% … Read more

WSJ News Exclusive | China Excels in Google Rankings on Xinjiang and Covid-19 Searches

HONG KONG—China’s global campaign to expand the reach of its political positions is helping it secure a coveted piece of online real estate: first-page search results on Google and other major Western portals. Content reflecting Beijing’s position on its human-rights record and the origins of Covid-19 now regularly appears among top results on Google, Bing … Read more

China’s Covid-19 Lockdowns Hurt Sales of Starbucks Coffee, Adidas Sneakers

China’s strict Covid-19 lockdowns are hurting consumer spending for everything from coffee to sneakers and hotels, weighing on multinationals with a big presence in the country and blunting the postpandemic rebound that other parts of the world have experienced. Starbucks Corp. SBUX -0.51% , Adidas AG and InterContinental Hotels Group IHG 0.93% PLC are among … Read more

Derby’s Take: Fed Governor Explains Why Volcker Strategy Isn’t Needed Now

As aggressive as the path for U.S. monetary policy tightening appears right now, one Federal Reserve governor doesn’t believe the central bank faces a world as ugly as when it last confronted inflation this high. Because of that, the Fed doesn’t need to take the same steps as it did under former leader Paul Volcker, … Read more