Goldman CEO Says Rates Could Head Higher on Stickier Inflation
Goldman Sachs Group Inc. Chief Executive Officer David Solomon said the Federal Reserve could still push interest rates higher as inflation remains stubbornly persistent.
Bloomberg Business
Berlusconi’s Death Set to Reshape Media, Political Empires
The passing of Silvio Berlusconi may trigger a wide-scale redrawing of his business empire just as it sets off another front to consolidate political power in Italy.
Pakistan Holds Rates to Prevent Growth From Falling Further
Pakistan’s central bank left interest rates unchanged to stop growth from weakening and rein in inflation as the cash-strapped nation and the International Monetary Fund remain deadlocked over bailout loans.
Evacuations Begin as Severe Storm Heads for India, Pakistan
An “extremely severe” cyclone is set to batter some coastal areas of India and Pakistan this week, prompting authorities to start moving thousands of people to safer places.
Cuba Begins Moscow Tour to Deepen Ties Amid Economic Sanctions
Cuba’s prime minister began an official trip to Moscow this week to discuss economic cooperation, as the two sanction-hit countries say their bilateral trade is surging.
Five Key Charts to Watch in Global Commodities This Week
Biodiesel fans will be keenly awaiting an announcement this week by the US Environmental Protection Agency on how much of the renewable product must be blended into the nation’s fuel supply. Meanwhile, European natural gas futures retreated after posting the biggest weekly surge since August. Here are five charts to consider in global commodity markets.
UBS CEO Ermotti Says About 10% of Credit Suisse Staff Have Left
UBS Group AG Chief Executive Officer Sergio Ermotti said that about 10% of Credit Suisse employees have left the bank in the past few months.
JPMorgan Agrees to Pay $290 Million to Settle Epstein Case
JPMorgan Chase & Co. agreed to pay $290 million to settle a lawsuit alleging it knowingly benefited from former client Jeffrey Epstein’s sex trafficking, according to a person familiar with the matter.
Mary Erdoes, JPMorgan’s Billionaire Whisperer, Faces Flak Over Epstein Emails
Mary Callahan Erdoes has watched one star executive after another climb to the highest rungs at JPMorgan Chase & Co. and then leave, either seizing other opportunities, retiring or getting shoved out.
Silvio Berlusconi, Italy Leader Mired in Scandal, Dies at 86
Silvio Berlusconi, the flamboyant media mogul whose reign as Italy’s longest-serving postwar prime minister was plagued by sex scandals and allegations of corruption, has died. He was 86.
