New York Governor Kathy Hochul is scrapping a plan to build new office space near Penn Station and instead focusing — for now — on renovating the much-maligned and busiest US passenger rail facility.
Trafigura Group is cutting oil-trader positions in Mexico as the government’s nationalist policies squeeze its profit margins.
Oil edged higher as a weaker dollar made the commodity more attractive to importers, with the market so far shrugging off the dramatic but short-lived rebellion inside Russia.
Aston Martin Lagonda Global Holdings Plc is tying up with Lucid Group Inc. on electric vehicle technology, uniting the storied British carmaker and relative automotive newcomer each backed by Saudi Arabia’s sovereign wealth fund. Shares in both companies jumped.
Australian Treasurer Jim Chalmers’ delay in announcing the next Reserve Bank governor may limit his options to local candidates and could even see incumbent Philip Lowe receive an extension, former senior central bank officials, lawmakers and economists say.
One creditor of bankrupted cryptocurrency exchange FTX decided not to sit and wait to get their money back.
Sam Bankman-Fried’s crypto conglomerate made “false statements” to banks about accounts commingling customer funds and fired an employee who raised concerns about the practice, the new management of bankrupt FTX alleged in a report Monday.
Digital-asset investment products added $199 million last week, the biggest weekly inflows in nearly a year, as a flurry of applications for spot-Bitcoin exchange-traded funds in the US sparks renewed interest in the space.
Advocates of student debt relief want President Joe Biden to use a 1965 law to cancel student debt if the Supreme Court overturns his loan forgiveness program.
Russians appeared to have sought to exchange rubles for the crypto stablecoin Tether as a refuge during the short-lived mercenary rebellion that shook the nation over the weekend.
