Bloomberg Business

Bond traders look set to pivot from worrying the US wouldn’t raise its debt limit to fretting about what the increase means for money markets.

Singapore investment firm Temasek Holdings Pte said it reduced compensation for senior management and the investment team responsible for investing in FTX.

Pedro Sánchez’s Socialist party was poised to lose control of several key regions and cities in Spain’s local election on Sunday, complicating the prime minister’s effort to win a new term later this year.

Ghana’s program with the International Monetary Fund will help to restore investor confidence in the economy that slid into a debt crisis last year due to years of overspending, the country’s leader said.

A new low for the Thai baht looms and not even a rate hike by the central bank is likely to halt its slide.

California residents now have fewer options to insure their homes, after State Farm General Insurance Co. announced it’s no longer accepting new applications for property and casualty coverage in the state.

Getting a US debt-limit deal is one thing. Overcoming entrenched political divisions and time-consuming procedural hurdles to pass the legislation before a June 5 default deadline is another challenge altogether.

Boeing Co. is working to land its second major deal in Saudi Arabia this year, with the US planemaker in talks to sell at least 150 of its 737 Max jetliners to startup Riyadh Air, according to people familiar with the matter.

House Speaker Kevin McCarthy expressed confidence Sunday that Congress would pass the debt-limit deal he negotiated with President Joe Biden, calling it a “transformational” move to rein in spending that a majority of Republicans would support.

President Recep Tayyip Erdogan is leading Sunday’s runoff vote with a comfortable margin, setting the stage for a victory that will extend his more than two-decade rule by another five years.