Braskem Buyers Circle as Bidding War Heats Up
A third offer emerges, underscoring the key role the company plays in Latin America’s petrochemicals market.
Bloomberg Business
Americans Now Cutting Back on Food Purchases, Conagra CEO Says
The resilient American shopper is showing more signs of weakness.
EU Members Promise Over €400 Million to Aid Ukraine Recovery
A group of European Union member states pledged to contribute over €400 million to the European Investment Bank’s fund to support the recovery and reconstruction of Ukraine, with first disbursements beginning in autumn.
New SEC Money-Fund Rules Don’t Fix Dash-for-Cash Risk, Bank of America Says
The US Securities and Exchange Commission’s biggest round of reforms in years for the $5.5 trillion money-fund industry fall short of fixing what ultimately caused markets to seize up in the pandemic turmoil, according to Bank of America Corp.
Women’s International Cricketers Score Equal Prize Money
Women’s and men’s cricket teams will receive equal prize money at International Cricket Council (ICC) events, the sport’s global governing body announced at its annual conference in Durban.
Bond Rally Gains Momentum as Traders See Rates Close to Peak
Bonds rallied for a second day as traders bet an aggressive streak of global interest-rate hikes is close to ending, bolstered by optimism inflation in the world’s biggest economy will continue to slow.
The Secret Service Is Giving Up on the Mysterious White House Cocaine
The US Secret Service has closed its probe into cocaine discovered at the White House without identifying a suspect.
Argentina Presidential Candidate Plans Spending Cuts to Help Peso
Centrist Argentine presidential candidate Horacio Rodriguez Larreta would cut spending by 4% of gross domestic product as part of a plan that would help cushion the decline of the country’s currency, according to his top economic adviser.
Yellen Heads to G-20 as US Seeks to Strengthen Ties With India, Vietnam
Treasury Secretary Janet Yellen is traveling to India and Vietnam next week, seeking to strengthen ties with two increasingly important US partners and shore up economic resilience through diversified supply chains.
There Were More ER Visits Related to Weed During the Pandemic
Cannabis-related trips to the emergency room rose among young people during the pandemic, a study found, underscoring a broad increase in such visits in recent years.
