A bipartisan group of senators has sent a letter to Federal Reserve Chair Jerome Powell questioning whether the central bank exercised its full legal authority to oversee Silicon Valley Bank and other midsized financial institutions.
Fund managers offering strategies that target biodiversity have expanded their asset base by 15% in two months, as the industry builds a new ESG market despite an absence of standardized data.
Oil consumers including airlines used the recent slump in prices to boost their hedging level at a rapid pace, locking in protection against a possible rebound later in the year.
The Philippines will cut contact with the International Criminal Court after it denied the government’s request to suspend the probe on former leader Rodrigo Duterte’s deadly drug war, President Ferdinand Marcos Jr. said.
Prices in UK stores are rising at a record pace in a sign that the cost-of-living crisis is far from over.
Singapore’s state-owned investment firm Temasek Holdings Pte is considering a US initial public offering of Advanced MedTech Holdings Pte after a planned sale of the medical device maker stalled, according to people with knowledge of the matter.
Albemarle Corp., the world’s top lithium producer, has had its A$5.5 billion ($3.7 billion) cash offer for Liontown Resources Ltd rejected by the Australian developer, sending shares in the target up almost 70% and fueling expectations of wider consolidation.
UK school leaders rejected a government pay offer and 133,000 civil servants announced plans to strike, dealing a blow to Prime Minister Rishi Sunak’s government as it seeks to draw a line under months of industrial action.
A GSK Plc drug for endometrial cancer posted strong results in a trial, a sign it could become the top seller the British pharmaceutical giant is predicting.
South Korea needs to adopt an “emergency mindset” to reverse its fertility rate that ranks as the lowest in the world, its president said, calling for new initiatives to fix past policies that he sees as broken.
