Euro-Zone Core Inflation Set for New Record in Test of ECB Nerve
Underlying inflation probably reached a new euro-era record this month, an outcome likely to rile European Central Bank officials fretting about threats posed by banking turmoil.
Bloomberg Business
Fed’s Barkin Says ‘Clear’ Case for Raising Rates This Week
Federal Reserve Bank of Richmond President Thomas Barkin said the case for raising interest rates at the central bank’s meeting this week was “pretty clear,” emphasizing that inflation remains too high.
Meta Sued by Its Home County Over Social Media Addiction
Meta Platforms Inc. was sued by the school board in the company’s home county for allegedly addicting students to its social media platforms and contributing to a mental health crisis.
Hyundai, Kia Recalled 570,000 Cars Due to Fire Risk. What to Do If You Own One
Hyundai Motor Co. and Kia Corp. recalled more than 570,000 cars they say are at risk of catching fire.
Bolsonaro Says He’s Finally Returning to Brazil at the End of March
Former President Jair Bolsonaro said he’ll end his extended US vacation at the end of March to return to Brazil, where he’ll face a dozen criminal investigations involving allegations of corruption and fomenting anti-democratic acts.
Fed’s Bullard Lifts His 2023 Rate Forecast on Strong Growth
Federal Reserve Bank of St. Louis President James Bullard said that he had raised his forecast for peak interest rates this year amid ongoing economic strength, based on an assumption that banking-sector strains will prove temporary.
Nigeria’s Oil Bereft of Buyers as Strikes Hit French Refineries
Nigeria is struggling to find buyers for its oil as strikes in the French refining sector and seasonal maintenance at plants elsewhere in Europe cut into the OPEC producer’s sales.
Deutsche Bank Drops in Selloff Citi Describes as Irrational
Deutsche Bank AG fell by the most in three years and the cost of insuring its debt against default rose, in a selloff that Citigroup Inc. analysts described as irrational.
Scholz Says Deutsche Bank ‘Profitable,’ No Need for Concern
German Chancellor Olaf Scholz said there’s no reason for concern about Deutsche Bank AG after worries about the broader European banking sector sent the lender’s shares tumbling by the most in three years.
Latin America Sees Return of Chinese Bank Lending After Covid Pause
Latin America is again becoming a destination for Chinese loans, after the Covid-19 pandemic had wiped out such deals in a region where state-run banks of the Asian giant have issued some $136 billion of debt.
