South Africa’s state power utility signed a three-year pay deal with labor unions, averting the threat of a strike and further disruptions to the nation’s already fragile electricity supply.
Bank of England Deputy Governor Jon Cunliffe said a decision on whether to launch a digital version of the pound in Britain is still “some years” away.
The relentless rally in equities faces a fresh threat over the next few weeks with the world’s biggest money managers set to unload as much as $150 billion of stocks.
The co-founder of Chinese property developer Guangzhou R&F Properties Co. Ltd. agreed to be extradited from London to the US to face criminal allegations of paying bribes to secure contracts in California.
A lightening-fast policy reset from Nigeria’s newly elected president has placed Africa’s biggest economy back on the radar of global investors, but they’re likely to tread with caution.
Former US Secretary of State Henry Kissinger says “serious” present day US foreign policy must balance American and foreign interests or the nation “will become isolated.” He made the comments in an interview with Bloomberg Editor-in-Chief John Micklethwait on June 7 in New York.
Defying the odds, the world’s biggest stock market has recouped all losses caused by the most disruptive monetary-tightening campaign in a generation.
Former US Secretary of State Henry Kissinger says a military conflict between China and Taiwan is probable unless the “current trajectory of relations” is altered. He made the comments in an interview with Bloomberg Editor-in-Chief John Micklethwait on June 7 in New York.
Prime Minister Rishi Sunak will let UK lawmakers deliver a final verdict on rival Boris Johnson’s scandal-ridden tenure, a high-risk bid to remove his predecessor’s long shadow over the Conservative Party.
Hedge fund Marshall Wace is imposing a new fee on clients to pay for money managers as it looks to hire and retain top talent in a fiercely competitive recruitment market.
