(Bloomberg) — Chile’s economic activity fell more than expected on a drop in mining production, as analysts expect the central bank to hold its key interest rate at the highest in over two decades at this week’s policy meeting.
Covanta, which describes itself as the world’s biggest “waste-to-energy” provider, is expanding its footprint with a deal to buy Circon Holdings Inc.
OPEC+’s surprise move to cut 1 million barrels a day of oil production is poised to raise US fuel prices just as President Joe Biden is expected to launch his re-election campaign. He has a limited range of options with which to respond.
If ever there was any doubt over Saudi Arabia’s growing international assertiveness, Sunday’s decision to slash OPEC+ oil production put it to rest.
The surprise production cut by OPEC+ will eliminate the current supply surplus and push world oil markets into a deeper deficit later this year.
Ukraine’s allies should raise their annual defense spending to 2.5% of gross domestic product as Russia’s war in Ukraine has stoked fears of its future intentions, a top official in Estonia said.
(Bloomberg) — Brazil analysts kept their inflation forecasts for next year and beyond unchanged after President Luiz Inacio Lula da Silva’s government presented a highly-anticipated fiscal rule proposal to help control the growth of public debt.
Mark Spitznagel is a master at generating buzz for his tail risk-protection business. From partnering with the man who coined the very term “Black Swan” to warning this January that we’re in “the greatest tinderbox-timebomb in financial history,” he makes sure Universa Investments is rarely far from the Wall Street spotlight.
Airbus SE is working to secure a multi billion-dollar sale of wide-body jets to China in a deal that could come together as soon as this week, during French President Emmanuel Macron’s planned visit to the Asian nation, according to people familiar with the matter.
WeWork Inc. said it’s offering to swap two sets of bonds worth about $1.2 billion for new debt and stock as part of a sweeping restructuring effort.
