Bloomberg Business

Federal Reserve Bank of Atlanta President Raphael Bostic said the decision to raise interest rates by 25 basis points this week in the midst of a banking crisis was not taken lightly.

Traders further downgraded the odds of any further rate increases by the Federal Reserve and ramped up bets on rate cuts beginning in June.

India raised the transaction tax on certain equity derivative products, a move that may help reign in the frenzied activity in such instruments from retail investors.

Israeli Prime Minister Benjamin Netanyahu is in London to talk about the risks of Iran’s nuclear program and Russia’s invasion of Ukraine with UK Prime Minister Rishi Sunak, leaving behind rising criticism over his plan to reduce the power of the Supreme Court.

India’s parliament removed a tax concession for debt funds, stirring concern in the mutual fund industry that the measure would turn away investors.

The UK government should investigate whether power trading firms are manipulating the country’s electricity markets to boost their profits, former Labour Party Leader Ed Miliband said.

Jean Paul Prates, the head of Brazil’s state-controlled oil company, isn’t deterred by the world’s energy transition. He says Latin America’s largest producer should keep increasing fossil fuel output for decades to come.

China expanded a public real estate investment trust pilot program to include more types of commercial properties, a move aimed at supporting the nation’s consumers that is likely to also help out cash-strapped developers.

Cathie Wood snapped up more shares of Block Inc. and Coinbase Global Inc. as turmoil engulfed both companies Thursday.

Nasdaq Inc. expects its custody services for digital assets to launch by the end of the second quarter as it joins a growing pool of traditional financial firms that could fill the role of crypto middlemen following a spate of bankruptcies in the industry.