Brazil Central Banker Holds Firm on Rate After Five-Hour Grilling in Congress
Roberto Campos Neto insisted Brazil’s central bank won’t start an easing cycle until inflation risks are under control
Bloomberg Business
New York Housing Plan That Sparked Suburban Backlash Ends in Budget Impasse
New York Governor Kathy Hochul said her ambitious housing plan, which sparked a severe backlash in New York City’s suburbs, is no longer part of the protracted negotiations over the state’s $227 billion budget.
Climate Finance Groups Are Misunderstood, BMO Says
Climate finance groups that press companies to decarbonize are wrongly confused as being regulators that set rules for businesses to reach net zero emissions, according to Dan Barclay, chief executive officer of BMO Capital Markets.
Lula Looks at Spanish Model to Push for Worker-Friendly Reform
Brazil President Luiz Inacio Lula da Silva is seeking advice from Spain’s Labor Minister Yolanda Diaz to increase workers rights and a clamp down on delivery apps, as he mulls employee-friendly changes to the country’s labor laws.
American Businessman Seeks Backers for London’s Charlton Athletic Football Club
American businessman Marc Spiegel is seeking financial backers for his planned takeover of Charlton Athletic in what would make him the latest US investor to buy an historic British football club.
CVC, Blackstone Among Bidders for German Football Media Rights
CVC, Blackstone, and EQT are among the private equity groups that submitted bids for a stake in the media rights business of the Bundesliga — Germany’s main football competition.
Real Estate Woes Weigh On Brookfield After December Spinoff
Brookfield Corp. undertook a major restructuring last year to try to get a better valuation. Concerns about office real estate are getting in the way.
New EU Fiscal Rules Set to Fall Shy of What Germany Demands
The European Commission is poised to unveil a proposal to reform the bloc’s fiscal rules that falls short of the strict limits sought by Germany, according to people familiar with the plan.
JPMorgan Overthrows JPMorgan for Crown of Largest Actively Managed ETF
JPMorgan has unseated itself for the title of largest actively managed exchange-traded fund in the $7 trillion arena.
Biden Leaves His Economic Record Out of His 2024 Campaign — for Now
President Joe Biden began his quest for reelection as the US economy teeters on the brink of recession and voters still feel the pinch of inflation, putting a significant hurdle in his path to winning a second term.
