Bloomberg Business

A severe drought affecting the Panama Canal is forcing container vessels to lighten their loads and pay higher fees, with further increases in the cost of shipping cargo through the canal expected this summer.

Global central banks can’t afford to flinch in what may be a prolonged struggle to fully tame consumer prices, according to the head of the Bank for International Settlements.

Money managers are increasingly favoring longer-term corporate bonds, betting that the Federal Reserve is getting inflation under control and could pause hiking rates further.

Ecuador President Guillermo Lasso, a wealthy former banker who’s popular among investors, found a way to fend off almost certain impeachment by the opposition-controlled congress: He dissolved the body. That set off Article 148 of the country’s constitution, a provision known as “mutual death,” which means new elections for president and the congress. In the meantime, Lasso rules by decree. Fears of a return to socialist rule and nationwide protests sent Ecuador’s bonds into a tailspin, leaving

NASA is tapping Jeff Bezos’ Blue Origin to develop a second passenger lunar lander for the space agency’s Artemis program, which aims to send humans back to the moon before the end of the decade.

The US has sanctioned some of Russia’s biggest gold miners, as it imposes fresh penalties on the country’s metals and mining sector.

Heavily indebted Petroleos Mexicanos is testing the resolve of even its most ardent supporter, President Andres Manuel Lopez Obrador.

For all the talk of a slowdown in the US economy, more than a dozen US states have the best job markets in their history.

James Gorman, who transformed Morgan Stanley after it nearly collapsed during the global financial crisis, plans to step down as chief executive officer within the next year and assume the role of executive chairman.