The board of Sweden’s biggest pension fund turned down Chairman Ingrid Bonde’s offer to resign and instead opted to remove the chief executive officer after Alecta became one of the largest overseas casualties of the meltdown at Silicon Valley Bank.
The International Monetary Fund warned it was too soon to sound the all-clear from the turmoil that’s shaken the world financial system and said the banking breakdowns will likely be a drag on global economic growth.
One hundred days into his presidency, Brazil’s Luiz Inacio Lula da Silva is still struggling to build a reliable base of congressional support he needs to steer key proposals through the country’s legislature.
(Bloomberg) — MicroStrategy Inc. co-founder and Executive Chairman Michael Saylor’s more than $4 billion bet on Bitcoin is profitable again after the value of the largest cryptocurrency exceeded its average purchase price.
Stephen Miller, a top White House aide to former President Donald Trump, appeared before a federal grand jury in Washington on Tuesday.
(Bloomberg) — Federal Reserve Bank of New York President John Williams said policymakers still have more work to do to bring down inflation and suggested they won’t change course despite uncertainty from turmoil in the banking sector.
Britain is expected to suffer one of the biggest rises in unemployment after the International Monetary Fund put it bottom of the pile again in its latest growth forecasts.
Albertsons Cos. is anticipating higher labor costs and “a more difficult consumer environment” in a new sign of caution from big US retailers.
Frank founder Charlie Javice, who is charged with defrauding JPMorgan Chase & Co. in its $175 million acquisition of her college finance site, had her bail terms modified so she can communicate with the bank about her mortgage.
A new spate of suspected poisonous-gas attacks has hit Iranian girls schools in several towns and cities this week, after authorities said they had arrested scores of people over earlier incidents.
