Byju’s, the world’s most valuable edtech startup, is seeking to raise as much as $250 million through the issuance of convertible notes by its tutoring service unit, according to people familiar with the matter.
Mere weeks after JPMorgan Chase & Co. defended Jes Staley against accusations he knew about Jeffrey Epstein’s sex crimes, the bank is accusing the former senior executive of deception — blaming him for its dealings with Epstein and seeking to recoup eight years of compensation.
While central banks have slowed the pace of tightening, more interest-rate increases loom as inflation hovers above targets across the world, according to the head of the Monetary Authority of Singapore.
China’s consumer and producer prices remained subdued in February as food and commodities costs eased, suggesting the country’s reopening won’t be adding to global inflation pressures.
Treasury two-year yields can go higher even after hitting levels last seen in 2007, according to DoubleLine Capital LP Chief Investment Officer Jeffrey Gundlach.
(Bloomberg) — If history is any guide the surge in US two-year yields back above the fed funds upper boundary this week is an ominous sign for any investors looking for the Federal Reserve to cut rates in 2023.
Northwestern University Professor Janice Eberly is the frontrunner in the White House search for a successor to Lael Brainard as vice chair of the Federal Reserve, people familiar with the matter said.
Emerging-market shares have value as bonds are losing their buffer because of US rates volatility, according to analysts at Goldman Sachs Group Inc.
Florida Governor Ron DeSantis will meet with Iowa Republican legislators in Des Moines on Friday amid rising expectations that he will run for president in 2024, according to people familiar with the matter.
Nissan Motor Co. is developing new modular powertrains that will help streamline production and drive manufacturing costs for hybrid cars down by as much as 30%.
