(Bloomberg) — The collapse of Silicon Valley Bank threatens to further besmirch the reputation of Federal Reserve Chair Jerome Powell, on top of the blemish he’s suffered for being slow to recognize the risk of rampant inflation.
Bombardier Inc. remains confident it will win a legal battle with hedge funds over a 2021 bond deal, though the fight may last “a long time,” its top executive said.
Brent crude fell below $75 a barrel for the first time since late 2021 as turmoil at Credit Suisse Group AG reverberates across energy markets.
Vale SA is considering a spinoff or initial public offering of its sprawling base metals business after it completes the sale of a minority stake, according to people familiar with the situation.
US retail sales fell in February after a surge in the prior month, suggesting consumer spending, while holding up, is getting challenged by high inflation.
Telecom Italia SpA kicked off a competitive process for the sale of its multi-billion-euro landline network by calling on the two groups bidding for the asset, Italy’s state lender along with Macquarie Asset Management Macquarie, and KKR & Co. Inc., to improve their offers by April 18.
US producer prices unexpectedly declined in February after downward revisions to the prior month, pointing to an easing of cost pressures in corners of an economy still battling the highest inflation in a generation.
Europe’s largest automaker needs a battery-powered successor to the likes of the Beetle and Golf.
Building more long-distance transmission lines will be key to the US clean-energy transition.
Bridgewater Associates founder Ray Dalio warned Silicon Valley Bank’s failure shows cracks widening in global finance, joining other US billionaires raising the alarm on fallout from the lender’s collapse.
