KKR, InfraVia Vies for €3 Billion Renewable Firm Akuo
KKR & Co. and InfraVia Capital Partners are among suitors competing to buy French renewable project developer Akuo Energy SAS, people with knowledge of the matter said.
Bloomberg Business
Morgan Stanley Says US Rally Isn’t Start of Bull Market
Major US stock-market strategists are starting a bull-bear debate, with pessimist Michael Wilson of Morgan Stanley warning that the latest rally is a head fake, while Bank of America’s Savita Subramanian raises her 2023 target for the S&P 500 Index.
Ghana Hits Pause on Interest-Rate Hikes After IMF Deal Clinched
Ghana’s central bank paused its steepest phase of monetary tightening, after clinching a $3 billion lifeboat from the International Monetary Fund, as it expects the downward trend in inflation to continue.
FX Boss Convicted of Fraud Over Fake London Investment Firm
The boss of a London FX firm was found guilty of seven counts of fraud for his role in a Ponzi-style scheme that claimed to be a legitimate investment company.
Ford’s CEO Sees Car Prices Dropping 5%, Putting Pressure on Tesla
Ford Motor Co. expects auto prices to fall by more than 5% this year and next as dealer inventories grow, and the competitive pressure will take a toll on Tesla Inc.’s dominance of the electric vehicle market.
Number of Colleges in Distress Is Up 70% From 2012
The number of distressed institutions in higher education is up 70% in the US compared to a decade ago, according to a report by Bain and Co. Inc.
Venmo Welcomes Teens as Young as 13, With Parent’s Help
PayPal Holdings Inc. is lowering the age requirement for its popular person-to-person payments app Venmo, allowing parents of children between the ages of 13 and 17 to sign them up for a teen account.
Fed’s Kashkari Says a June Rate Pause or Hike Is a ‘Close Call’
Federal Reserve Bank of Minneapolis President Neel Kashkari said it’s a “close call” for him if the central bank should raise interest rates next month or pause while it monitors the outlook for inflation.
Russia’s Oil Flows Stay High Even as Moscow Insists Cuts Made
Shipments from Russian ports are 1.2 million barrels a day higher than at the end of 2022
What India’s Removal of 2,000 Rupee Notes Means for the Economy?
India is withdrawing its highest value currency note from circulation, giving consumers and businesses a four-month deadline to exchange or deposit the legal tender, a move reminiscent of a shock demonetization exercise in 2016.
