Australia’s central bank kept interest rates unchanged at its final meeting of the year on Tuesday as cooling inflation and a softening labor market suggest its policy tightening to date is gaining traction.
Asian stocks declined Tuesday as traders pared back their aggressive bets on a Federal Reserve pivot and an extended selloff in China hurt sentiment. The dollar held gains.
WuXi Biologics Cayman Inc. extended its decline, headed for a record two-day loss of more than 30%, as it resumed trading following a trading halt in the wake of business update that sparked a sharp selloff.
Ford Motor Co. will take a direct stake in a battery-nickel plant under construction in Indonesia, deepening its role in the supply chain as carmakers try to secure materials for electric vehicles.
Johnson & Johnson is making a push to resolve lawsuits claiming its talc-based Baby Powder causes cancer linked to asbestos exposure to avoid facing some jury trials next year, according to people familiar with the effort.
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