Bloomberg Business

Investors Doubt If Colombia’s Rate Hike Can Stem Meltdown

A rate hike by Colombia’s central bank Friday aimed at calming markets won’t be enough to lure in investors after the most tumultuous week so far in Gustavo Petro’s presidency. For now, emerging-market money managers are waiting to see what the leftist president does next.

Proxy Battle Over Italy’s Enel Heats Up

A key proxy adviser told Enel SpA shareholders to reject the Italian government’s choice for the company’s next chairman, as investors turn up the heat in a battle over nominations made by Prime Minister Giorgia Meloni.

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