In the latest sign of a thaw in economic and diplomatic relations, Australian timber exports to China will be allowed to resume immediately after more than two years of restrictions.
The Confederation of British Industry’s new boss said it’s not the only organization struggling with claims of misconduct, as the lobby group battles for survival following allegations of sexual assault among its staff.
Holders of the Credit Suisse Group AG debt that was wiped out in March have forced the Swiss financial regulator to release the order that justified the write down.
(Bloomberg) — Federal Reserve officials are likely to deliver their biggest upward revision to the US economic outlook since 2021 next month, as stress in the banking sector and a looming debt default belie the underlying strength of the economy.
New projected cash flows for the US Treasury Department from a Washington think tank show June 1 and 2 could present the biggest risk dates for a potential government default if Congress fails to lift the debt ceiling before then.
Investors are demanding the highest risk premium for Turkey’s sovereign dollar bonds in almost 10 months, as the prospect of a runoff election damps some hopes for an end to unorthodox economic policies.
South Africa is at risk of record power outages this winter because the state electricity company may not have enough supply to meet increased demand and efforts to increase generation face delays.
Philippine monetary authorities are changing the way they manage inflation by taking a tighter grip on the supply of money circulating in the financial system.
French software company ESI Group said it’s in talks with potential acquirers, sending its shares surging.
Aston Martin Lagonda Global Holdings Plc’s shares surged after it said China’s Geely Automobile Holdings Ltd will double its stake and become the UK sportscar maker’s third biggest shareholder.
