Ghana Inflation Beats All Estimates Putting Rate Hike in Play
Ghana’s inflation rate rose to a three-month high in June on higher food prices, raising pressure on the central bank to resume rate hikes later this month.
Bloomberg Business
TikTok’s Chinese Ownership Adds to Scrutiny in Taiwan Vote
Scroll through TikTok in Taiwan, and you’ll find a rolling stream of videos covering the heated campaign for next January’s presidential election.
UK Banks Not Liable for Fraud If Clients Authorized Payment
British banks can’t be held responsible for fraudulent transactions if the customers themselves had authorized the payment from their account, the UK’s top court has ruled, limiting the prospect of lawsuits by scam victims.
Carbon-Offsets Verifier Gold Standard Pauses Issuance of CO2 Credits From Zimbabwe
Gold Standard, a verifier of carbon offsets, is temporarily pausing the issuance of credits from projects based in Zimbabwe, after the country’s announcement earlier this year that it plans to take half the revenue generated from such transactions.
Oil Steadies Ahead of US Inflation Data as Russian Flows Drop
Brent oil steadied ahead of key US inflation data after rising about 2% Tuesday on signs resilient Russian supply is starting to ease.
Credit Suisse AT1 Fallout Embroils More Japan Brokerages
SBI Holdings Inc., Rakuten Group Inc. and Monex Group Inc. are among brokerages in Japan that sold Credit Suisse’s riskiest bonds to retail investors, highlighting the widening fallout of these products in the country.
Tesla’s Price Cuts Almost Put One of Musk’s Friends Out of Business
Scott Painter’s subscription startup temporarily postponed loan payments, dismissed staff and still needs to raise more money.
Pimco Looks to Alternatives as Credit Market Nears Boiling Point
Bond giant hopes that its large restructuring team will give it an edge as more borrowers become distressed.
Why Private Equity Is Chasing Plumbers and Lumber Yards
Local plumbers and lumber-yard owners across the US are feeling a bit like tech entrepreneurs of late — juggling multiple offers from private equity-backed firms that increasingly are targeting mom-and-pop businesses.
‘Pivotal’ US CPI Report to Show Lowest Core Inflation Since 2021
Slowing US inflation in data due Wednesday will mark a potential turning point for policymakers in the coming months, according to Bloomberg Economics, as the Federal Reserve pushes to bring price increases back to its 2% goal.
