Under the shadow of swelling risks to the global economy, finance chiefs from the world’s wealthy nations presented a united front with more support for Ukraine, a plan for diversifying supply chains and a vow to fill gaps in financial regulation.
Avianca Holdings SA, Colombia’s largest airline, said it won’t continue its integration plan with low-cost carrier Viva Air on concern regulations from the nation’s civil aviation authority could affect its stability.
Treasury traders will be on high alert in the coming week for signs out of Washington on whether the US will careen toward a market-upending default — or will clinch a last-gasp debt deal once again.
Companies are seizing the opportunity to sell more bonds as rates march higher and the economy slows.
The Federal Reserve is most likely halting its interest-rate hikes in June, but a strong easing cycle isn’t in the cards with inflation remaining above the central bank’s target, according to Elaine Stokes at Loomis Sayles.
President Volodymyr Zelenskiy met with Italian Prime Minister Georgia Meloni and other top officials in Rome and later had a private audience with Pope Francis at the Vatican. Ukraine’s leader is reportedly traveling next to Berlin for talks with leaders there.
President Joe Biden said budget talks to avert a catastrophic US default are moving along and that negotiators will know more in the coming days.
The debt-ceiling standoff in Congress has the US at risk of being unable to pay its bills as soon as June 1. You’d think stock-market investors would be anxious about the uncertainty — but you’d be wrong.
President Joe Biden cast American democracy as under attack, echoing themes from both his 2020 campaign and his nascent reelection bid in a speech at Howard University’s commencement ceremony.
Treasury Secretary Janet Yellen will update Congress on how close the US is to defaulting on its financial obligations within the next two weeks and defended the steep rise of debt issuance under the Biden administration.
