Former Treasury Secretary Lawrence Summers warned of “troubling” signs that the US is losing global influence as other powers align together and win favor among nations not yet aligned.
Shadow lending firms are preparing to push into commercial property financing as regional banks — wounded from the blowup of Silicon Valley Bank — beat a retreat.
A surge in sugar prices is driving buyers to delay international purchases and tap local inventories, further pressuring global stockpiles that stand at the lowest in a decade.
Former President Donald Trump defended his real estate business during a seven-hour deposition with New York Attorney General Letitia James, defying expectations that he would plead his Fifth Amendment right against self-incrimination as he did the first time he was questioned.
HSBC Holdings Plc said rising interest rates have put a deal to sell its French retail banking business into question, a potential blow to its plans to streamline its global operations.
Mitsubishi UFJ Financial Group Inc.’s wealthy clients lost more than $700 million on Credit Suisse Group AG’s riskiest bonds purchased through the Japanese bank’s brokerage venture with Morgan Stanley, according to people familiar with the matter.
Ether continued to lead the rally in cryptocurrencies Friday, grabbing the limelight from Bitcoin as cryptocurrencies extend their rebound this year.
Cargill Inc., the agricultural giant that’s the largest private company in the US, saw profit slow in the nine months through February as volatility in global grain markets eased and domestic meatpacking margins collapsed.
A UK union representing health care workers accepted a government pay deal, boosting Prime Minister Rishi Sunak’s efforts to draw a line under months of strikes that have crippled the National Health Service.
Private equity firms are back scouring Europe’s public markets for bargains, with nearly $20 billion of potential takeover deals emerging in the last few weeks alone.
