Bitcoin is on course for one of its biggest weekly gains of recent years, bolstered by wagers on eventual cuts in interest rates as the token rides out convulsions in the banking sector.
Markets are grappling with a $600 billion question right now. Are the half-dozen banks in the spotlight outliers or a warning sign of a wider malaise in the financial sector?
The $54 billion lifeline won by Credit Suisse Group AG on Thursday gives it a fighting chance to rebuild its business. Some clients aren’t waiting around to find out how that goes.
Casino Guichard-Perrachon SA raised 4.1 billion reais ($780 million) with the sale of another stake in Latin American subsidiary Assai as the French grocer seeks to reduce its debt load.
The extension of the deal that’s bolstered Ukraine’s crop exports is still clouded by uncertainty, as negotiations continue the day before the existing term ends, sending prices up.
London Heathrow stands to suffer severe disruptions during the busy Easter travel period after some workers at the airport voted in favor of walkouts, the latest flareup in the country that has seen months of strikes over pay amid a cost of living crisis.
Higher costs and a slowing economy are hobbling efforts to deliver lightning fast fiber-optic internet service across the US, leading AT&T Inc., Lumen Technologies Inc. and Verizon Communications Inc. to scale back their expansion plans.
Stock options worth hundreds of millions of dollars tied to failed lenders SVB Financial Group and Signature Bank are reaching expiration Friday with no certainty whether or how they can be cashed in.
State oil company Petroleos Mexicanos is able to handle about $8 billion of debt payments coming due this year, though the government may help out if needed, Mexico’s finance minister said at a national banking conference Friday.
Chicago’s mayoral frontrunner Paul Vallas is taking a leaf out of Rahm Emanuel’s book to try to lure businesses back.
