(Bloomberg) — European Central Bank Chief Economist Philip Lane is confident that inflation in the 20-nation euro zone will retreat markedly in the coming months, adding to evidence that interest rates are close to their peak.
Japan’s state pension fund, the world’s largest, posted a record gain of ¥18.98 trillion ($133 billion) during the three months through June on returns from domestic stocks and overseas bonds.
Nigerian President Bola Tinubu’s move to allow the nation’s currency to weaken has contributed to combined losses of $385 million at six of the nation’s biggest companies.
What looked like a dismal earnings season in Europe just a week ago has taken a surprising turn for the better.
The Bank of England’s longest series of interest rate increases in three decades is starting to hurt businesses, an indication that policy makers may not have much more to do to rein in inflation, one of the UK’s main industry lobby groups said.
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A monthly US jobs report due Friday is set to show wage growth continued to moderate in July, bolstering the case for an end to Federal Reserve tightening, according to Bloomberg Economics.
Vice President Kamala Harris will unveil the winners of $125 million in grants aimed at helping small business entrepreneurs in underserved communities access capital, with Bridgeway Capital receiving $2 million of the funds.
Japan’s top financial watchdog is probing how Credit Suisse’s riskiest debt was sold to investors as the fallout sends ripples through the nation’s financial sector.
State Bank of India reported more bad loans in the first quarter, prompting a drop in its shares even after the lender reported results that beat estimates.
