A bipartisan group of US senators arrived in Saudi Arabia as part of a trip through the region aimed at keeping Saudi-Israeli diplomacy on track and trying to prevent Israel’s conflict with Hamas from spreading into a wider war.
The market for sustainability-linked bonds, which is worth more than $250 billion, looks set to witness a rare trigger event as its biggest issuer appears on track to miss a key target tied to the debt.
A massive wager that the Federal Reserve would raise interest rates again in November is in full-blown collapse.
Kremlin troops are suffering major losses at the moment, said President Volodymyr Zelenskiy, who added that Kyiv’s forces are “holding their ground and destroying the occupier day after day” around Avdiivka in the nation’s east. “Russian losses are really staggering, and it is precisely losses by the occupier that Ukraine needs,” Zelenskiy said after meeting with troops and commanders, including top soldier Valeriy Zaluzhnyi, in Mykolayiv in the nation’s south.
Regions Financial Corp. slumped as much as 16% after warning it expects further declines in net interest income as higher rates continue to take a toll on the bank.
Mexico’s lower house of Congress voted to give Petroleos Mexicanos an even bigger tax reduction than that proposed by the government in the 2024 budget, potentially providing more relief to the indebted state-owned oil company.
Mexico is in talks with China to stem the flow of fentanyl ingredients as the US pressures source countries to curb the opioid epidemic.
The accelerating growth of Cape Coral, Florida, is spurring the town to tap the municipal bond market for basic needs like running water and working toilets.
A BlackRock Inc.-backed plan to build a pipeline that would capture carbon emissions from the US corn ethanol industry was scrapped in the face of regulatory obstacles and opposition from landowners.
Federal Reserve policy makers risk slamming the brakes too hard on the economy by reacting aggressively to each data point that comes in, said Mohamed El-Erian, the chief economic adviser at Allianz SE. They should, he said, establish a longer-term vision for where interest-rate policy is heading.
