Bloomberg Business

SAS AB chose Air France-KLM and private equity firm Castlelake LP to anchor a $1.18 billion investment in the bankrupt Scandinavian flag-carrier, ending a five-month chase for new capital.

House Speaker Kevin McCarthy’s job was on a knife’s edge Tuesday as Democratic leaders said they wouldn’t help him stave off a Republican revolt.

The Public Investment Corp. intends to increase its investment in renewable energy as South Africa battles to resolve a power crisis that’s stifling economic growth.

The Federal Reserve should hold interest rates at elevated levels “for a long time” to bring inflation back down to its 2% target, Atlanta Fed President Raphael Bostic said.

(Bloomberg) — Drugs used for weight loss like Ozempic pose a real risk to companies ranging from fast food restaurants to cigarette makers, and credit market prices don’t fully reflect the potential downside, according to a report from Barclays strategists.    

Celsius Network LLC customers whose assets have been trapped on the failed crypto lender’s platform questioned the firm’s acting chief executive officer about fluctuations in the company’s native token and its plans to partially repay creditors with stock in a new Bitcoin mining business.

It had been over a year since the market went a month without a SPAC debut. That ended in September.

Chile’s government cut its forecast for gross domestic product growth this year to 0%, one day after a key economic indicator showed increasing odds of a recession.

Republican presidential candidate Nikki Haley is embarking on a cross-country fundraising sprint with the help of billionaire Harlan Crow and others in an attempt to court a deep bench of donors who could propel her push to break out as the main alternative to frontrunner Donald Trump.

Federal Reserve Bank of Cleveland President Loretta Mester said she would support another interest-rate increase at the Fed’s next policy meeting if the economy is performing about the same as at the time of the September gathering.