Wall Street Banks Tell Israel Staff to Work Remotely Amid Attack
Wall Street’s biggest banks have told staff in Israel to work from home after an unprecedented invasion of the country by Hamas militants set off a war.
Bloomberg Business
Iran May Have Known About Hamas Attack, Israel Minister Says
Iran may have known about the deadly attacks by Hamas militants on southern Israel, according to one of Prime Minister Benjamin Netanyahu’s closest allies in cabinet.
Jefferson Says Fed Can Proceed Carefully, Mindful of Yield Rise
Federal Reserve Vice Chair Philip Jefferson said he is watching the increase in Treasury yields as a potential further restraint on the economy even though the rate of inflation remains too high.
Yields Set to Slump With Traders Seeking Havens
Bond traders are expecting Treasury yields to slide when the cash market reopens from a US holiday.
Eskom Chairman Quits as South Africa Power Utility Seeks CEO
Mpho Makwana will step down as chairman of South Africa’s beleaguered power utility at Eskom Holdings SOC Ltd.’s annual general meeting at the end of the month.
JPMorgan Hires Jason Doneger as Head of US Equity Syndicate
JPMorgan Chase & Co. hired Jason Doneger as head of US equity syndicate, according to people with knowledge of the matter.
France Resists Recession With Meager Growth, Central Bank Says
France’s economy has slowed to a meager rate of expansion after a bumper performance earlier this year, a Bank of France survey showed.
Bank of Italy Warns Meloni to Exercise ‘Extreme’ Fiscal Prudence
Italian Premier Giorgia Meloni’s government needs to tread carefully when it comes to spending to avoid increasing borrowing costs and compromising its already fragile financial situation, a Bank of Italy official said.
Treasury’s Debt Deluge Is Finally Straining US Funding Markets
The Treasury’s barrage of bill issuance is starting to cause some cracks to appear in the US dollar funding space.
Sanctioned Tycoon Fridman Flees to Moscow From Israel After Hamas Attack
Russian billionaire Mikhail Fridman quit the UK and moved to Israel a week before Hamas militants began their attack on the country, prompting him to flee to Moscow.
