Italian proxy adviser Frontis has backed calls for Enel SpA shareholders to turn down the government’s candidate for chairman of the company, in a clash over nominations made by Prime Minister Giorgia Meloni.
The world’s biggest buyer of liquefied natural gas said there’s a risk of more market volatility this year.
House Republicans challenged the US Senate to pass a debt-limit bill of its own and sought to maintain pressure on President Joe Biden to hold talks on spending cuts they’ve linked to an increase in the nation’s borrowing limit.
Plans to introduce a new regional currency in West Africa have been delayed given the economic damage brought about by Russia’s invasion of Ukraine and the lingering effects of the coronavirus pandemic, said Ivory Coast President Alassane Ouattara.
Australian house prices rose for a second consecutive month in April, suggesting a stabilization of the property market that’s coincided with the central bank pausing interest-rate increases.
French food price increase should start to ease by September, said Olivia Gregoire, the country’s minister for small and medium enterprises, trade and tourism, echoing the outlook of the head of France’s central bank.
Chair Jerome Powell has achieved a near-perfect consensus as the Federal Reserve raised interest rates aggressively. Now, with the hiking campaign drawing to a close, that agreement is going to be a lot tougher to maintain.
Wagner forces may withdraw from Ukraine’s eastern city of Bakhmut because of growing casualties and an acute shortage of ammunition, said the mercenary group’s founder Yevgeny Prigozhin.
Banks are saddled with bad loans, signaling trouble ahead in the US commercial property market, Berkshire Hathaway Inc.’s Charlie Munger told the Financial Times in an interview.
As the world’s major central banks near the end of their steepest rate-tightening campaign in decades, the harsh lessons of past policy errors will weigh heavily on decisions as to when and where borrowing costs peak.
