Bloomberg Business

Italian Prime Minister Giorgia Meloni’s government proposed Flavio Cattaneo as the new chief executive officer of energy company Enel SpA, resolving a spat within her governing coalition.

Oil rose to the highest closing price this year as slowing flows from Russia, production cuts by OPEC+ and falling US inventories pointed to a tightening market.

Ethereum’s looming software update sent a slew of crypto tokens tied to so-called staking apps that are poised to absorb the biggest impact from the tweak into a slide.

Galaxy Digital Holdings Ltd. founder Mike Novogratz said he expects gold, the euro and cryptocurrencies Bitcoin and Ether to outperform competing investments as the Federal Reserve moves toward easing its interest-rate increases after recent bank failures lead to a potential credit crunch.

Deutsche Bank AG is hiring veteran dealmaker William Mansfield from Credit Suisse Group AG, people with knowledge of the matter said.

Ukrainian President Volodymyr Zelenskiy told a gathering of global finance leaders in Washington that his country needed $14.1 billion immediately for critical reconstruction needs and pleaded with officials to use frozen Russian assets to help pay the cost.

Most global central banks may be either close to a peak or already done with interest-rate hiking, auguring a hiatus before possible monetary loosening comes into view.