Bloomberg Business

Colombian President Gustavo Petro urged commercial banks to cut interest rates on loans and added that central bank interest rate hikes put the “productive economy” at risk.

Federal Reserve Governor Philip Jefferson said progress on inflation this year has been “mixed,” but noted that policy takes time to percolate through the economy and is “well on track.”

Chinese brokerage Zheshang Securities Co. said it received a resignation letter from its President Wang Qingshan, reported by local media as missing since late March.

JPMorgan Chase & Co. urged a court to reject a request by a victim of Jeffrey Epstein to let her represent more than 100 other women in a lawsuit alleging that the bank facilitated their abuse by the late financier.

South Korea and the United Kingdom agreed to bolster economic security cooperation and to fortify critical supply chains, amid the US-led initiative to diversify the global supply chain away from China.

California is facing a deeper deficit than projected at the beginning of the year as the fortunes of its wealthiest residents wane, exacerbating the fiscal situation of a state already struggling with tech layoffs and banking upheaval.

Chile’s central bank held its interest rate steady for the fourth straight meeting and signaled it still isn’t ready to reduce borrowing costs as inflation eases slowly.

An intensifying geopolitical tussle and dimming economic outlook are threatening to nip one of the few winning China stock trades this year in the bud.

China will send a special envoy to Kyiv on Monday, marking the first high-level visit from the Chinese government since Russian President Vladimir Putin ordered his troops to invade Ukraine almost 15 months ago.

Austin Russell, a 28-year-old automotive technology tycoon, acquired an 82% stake in Forbes Global Media Holdings, parent of the well-known business magazine.