Canada’s banks are expected to post the biggest profit decline in more than two years as they’re buffeted by rising taxes, higher regulatory capital requirements and the threat of a recession.
Ant Group Co.’s profit drop accelerated in the three months ended in September, falling 83% after China’s regulatory crackdown and a decrease in valuation of overseas equity investments.
In downtown Nashville, chef Matt Farley is serving up trouble for Federal Reserve Chair Jerome Powell.
Apollo Global Management Inc. is in talks to inject $750 million to support the leveraged-finance business of Credit Suisse Group AG’s investment-banking spinoff First Boston, potentially making it one of the biggest backers of the Swiss lender’s revamp.
Liquidators of bankrupt hedge fund Three Arrows Capital Ltd. said they will take steps to sell some of the firm’s nonfungible tokens as part of their recovery efforts.
Bank of England policymaker Catherine Mann said more interest-rate rises are needed to clamp down on inflation as she dismissed talk of a looming “pivot” to easier monetary policy.
Underlying inflation in the euro area hit a record in January, revised data showed, likely cementing the European Central Bank’s plan to raise interest rates by another half-point next month.
The European Central Bank reported zero profit for 2022, deploying buffers it set aside in earlier years to dodge a loss linked to stimulus-driven bond-buying.
Vietnam’s property debt crisis is intensifying as the country’s second-largest developer joined the ranks of peers seeking debt extensions after failing to repay a bond on time.
SM Prime Holdings Inc. is considering reviving an initial public offering of a real estate investment trust that could raise as much as $1 billion, according to people familiar with the matter, in what would be the largest such listing in the Philippines.
