The factory-building boom that’s sweeping the US is not happening in other advanced economies, the Treasury Department said, highlighting a gap that’s opening up as the Biden administration plows cash into incentives to spur domestic manufacturing.
Senegal’s dollar bonds rallied after the International Monetary Fund approved about $1.8 billion in loans to support the nation’s recovery and protect it from future shocks.
Investors in the UK are starting to worry that the anti-ESG movement may spread from the US and get a foothold on the other side of the Atlantic.
Dock, which builds and provides payments services and digital banking to companies across Latin America, is rolling out a tool to allow firms to extend lending and control repayment terms.
US consumer confidence increased to the highest level since the start of last year on greater optimism about the labor market and the economic expansion.
US new-home sales advanced in May to the fastest pace in over a year, bolstered by limited inventory in the resale market.
American Equity Investment Life Holding Co. shares soared to an all-time high after an arm of Canadian investment giant Brookfield made a cash and stock takeover bid valuing the insurance firm at about $4.3 billion.
Three Arrows Capital liquidators are seeking to recover $1.3 billion from the co-founders of the failed crypto hedge fund, an amount that reflects losses the founders are accused of racking-up in the months before the firm collapsed, according to a person familiar with the liquidators’ claims.
British Columbia Investment Management Corp. is mulling the sale of $2 billion in private equity assets in the secondary market to raise capital for other investments, according to people familiar with the matter.
Lordstown Motors Corp. shares plummeted after the electric-vehicle maker once hailed by former US President Donald Trump for saving automaking jobs filed for bankruptcy.
