Treasury Secretary Janet Yellen said a soft landing is possible for the US economy thanks to its strong labor market and the absence of balance sheet problems like the ones that preceded the global financial crisis.
Boeing Co. has paused deliveries of its 787 Dreamliner over a documentation issue with a fuselage component, the latest setback for the planemaker’s marquee widebody program.
Money managers are fortifying portfolios and hedging the risk of a prolonged inflation fight by sticking to credit maturing in just a few years.
China pushed back on US accusations that it has considered providing lethal aid to Russia in its war in Ukraine, saying it never sells arms to parties involved in a conflict.
The Bank of Korea is well placed to respond to uncertainties surrounding Federal Reserve policy and China’s economic recovery, Governor Rhee Chang-yong said Friday, a day after keeping interest rates unchanged.
South Africa will be added to a global watchdog’s list of nations that have failed to adequately tackle illicit financial flows, the head of the nation’s tax agency said.
China Southern Power Grid Co. is considering a binding bid for Enel SpA’s distribution operations in Peru, according to people familiar with the matter, in what could be one of the largest cross-border deals by a Chinese buyer this year.
A brokerage for wealthy Russians that accounted for more than two-thirds of all the trading through the tiny island of Guernsey was shut down by regulators concerned about its links to a sanctioned bank.
PT Pertamina Geothermal Energy ended flat in its Jakarta trading debut after a 9.06 trillion rupiah ($596 million) initial public offering, Indonesia’s largest over the past year.
IAG SA said it’s enjoying strong bookings into this year, led by holiday travel and stable business trips, and predicted profit could almost double as the industry continues its recovery from the pandemic.
