The yen slid to its weakest against the dollar since November after Federal Reserve Chair Jerome Powell said officials expect interest rates need to move higher to curb inflation, highlighting diverging expectations for policy in Japan and the US.
Even if the Federal Reserve had begun raising interest rates nine months earlier, US inflation wouldn’t be any lower today than it is now.
Prime Minister Rishi Sunak faces mounting pressure from members of his Conservative Party to help Britons struggling with surging mortgage costs, amid fears that the UK’s sticky inflation and skyrocketing interest rates will cost them their seats in the next general election.
Activision Blizzard Inc. shareholders handed management everything it wanted at their annual meeting Wednesday, including rejecting a proposal that the company publicly commit to not interfere with union organizing.
Indonesia and the Philippines are expected to leave their key interest rates unchanged Thursday and sustain the pause through 2023, amid easing price pressures.
A former Goldman Sachs Group Inc. banker was found guilty of passing inside information on deals to a once-close friend and squash partner who became the prosecution’s star witness.
It is incumbent on South Africa’s central bank to increase borrowing costs to tame sticky inflation, even if its actions gave rise to financial distress, Governor Lesetja Kganyago said.
Top executives at lenders that collapse risk having their bonuses clawed back under legislation that’s gaining bipartisan support in the US Congress.
New Jersey Governor Phil Murphy and state legislators are offering incentives to prevent senior residents from moving to low-tax states.
Twitter has resumed paying Google Cloud for its services, patching up a relationship that became strained after Elon Musk acquired the social network and stopped paying Google and various other companies.
