Bloomberg Business

Ponzi Schemer Who Got Trump Clemency Charged in New Fraud

US prosecutors filed new criminal charges against a New Jersey man who was convicted in a $200 million real estate Ponzi scheme a decade ago and got 24 years in prison before his sentence was commuted by former President Donald Trump.

IMF Talks Ahead of Elections Spur Argentina Devaluation Jitters

Argentines are seeking more and more hedges against a possible devaluation of the nation’s currency amid delays and difficulties in the negotiations between the government and the IMF ahead of an upcoming presidential election.

Alcoa Sees Lower Costs Ahead After Second-Quarter Profit Miss

Alcoa Corp. expects its production costs will start to decline in the months ahead, which will help to buoy the largest US aluminum producer after lower prices meant the company reported worse-than-expected earnings for the second quarter.

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