(Bloomberg) — The European Central Bank should weigh all available options when discussing how to shrink its balance sheet more quickly — even after the latest bond-market rout in Italy, according to Governing Council member Bostjan Vasle.
Russia is mounting the biggest attack on Avdiivka in the eastern Donetsk region since its invasion of Ukraine started, city administration head Vitaliy Barabash said on local TV. The town has been under heavy assault for the past three days as Russian forces try to find cracks in Ukrainian defenses there, he said.
New York City is home to more securities-industry workers than at any point in more than 20 years, but job cuts triggered by a banking-sector slump could put more of them at risk.
The European Union will be much more “assertive” in touting a “made in Europe” approach to ensure that green industries like hydrogen and wind stay on the continent.
In a tough market for US commercial real estate, sellers are stepping up efforts to entice buyers before plummeting property values force them to accept deeper discounts.
Blue-chip companies’ refinancing risks have climbed to a 13-year high as near-term maturities close in amid the higher-for-longer interest rate outlook, according to Moody’s Investors Service.
An attack on FTX that siphoned an estimated $477 million in digital assets just as the crypto exchange entered bankruptcy last year is now showing a “stronger possibility” of being connected to Russia, according to blockchain analytics firm Elliptic.
US speculative-grade companies are facing heightened refinancing and default risks amid higher-for-longer interest rates and limited credit market access, according to Moody’s Investors Service Inc.
Republican Steve Scalise faces a fight to become House speaker that could drag on for days or even weeks, delaying the US response to fiscal deadlines and a new war in the Middle East.
Ford Motor Co. became the latest strike target for the United Auto Workers after members walked out of its largest plant, a highly profitable pickup factory in Kentucky.
