Bloomberg Business

A hotter-than-expected US jobs report will likely nudge the Federal Reserve toward raising interest rates again by the end of the year.

Exxon Mobil Corp. is in talks to acquire Pioneer Natural Resources Co., according to a person familiar with the matter, nearing its largest takeover in more than two decades as the energy giant seeks to become the dominant US producer of shale oil.

US employment unexpectedly surged in September, illustrating a durable labor market and bolstering the case for another Federal Reserve interest-rate hike.

Struggling copper giant Codelco will borrow more to fund its vast investment plans, the company’s chairman said, even after its credit rating was downgraded by Moody’s this week.

Tourism revenue from China’s “Golden Week” holiday surged year-on-year but edged only slightly above its pre-Covid level, suggesting relatively muted consumer sentiment continues to weigh on the country’s economic growth.

The recent spike in bond yields may have briefly cooled the market, but the pace of borrowing has been blistering.

President Luiz Inacio Lula da Silva’s economic team is growing worried that Brazil’s central bank may soon be forced to reduce the pace of interest rate cuts to fight the impact of rising US Treasury yields on domestic inflation, according to a government official with knowledge of the matter.

Chile’s annual inflation slowed slightly less than expected last month as the peso continues to tumble, stoking concerns of renewed price pressures as the central bank cuts its benchmark interest rate.

Ukraine is seeking more air defense systems ahead of winter to protect its energy infrastructure from the type of Russian attacks that caused massive blackouts across the country last year, President Volodymyr Zelenskiy’s deputy chief of staff said.