Pakistan is optimistic its nearing an agreement with the International Monetary Fund to resume a $6.5 billion bailout package, a funding that will alleviate distress in a nation facing severe shortage and soaring inflation.
Weight loss device maker Allurion Technologies Inc. is nearing a deal to go public through a merger with a blank-check company backed by former Medtronic Plc Chairman and Chief Executive Officer Omar Ishrak, according to people familiar with the matter.
Tether Holdings Ltd, the entity behind the largest stablecoin, said more than $700 million in “net profit” was added in the fourth quarter to the reserve that backs the world’s most traded digital asset.
(Bloomberg) — Mexico’s inflation accelerated roughly in line with expectations in January, giving policymakers little room for maneuver at the central bank’s first interest interest rate decision of the year later on the day.
Medical device maker Globus Medical Inc. has agreed to buy smaller competitor NuVasive Inc. in an all-stock transaction valuing it at more than $3 billion.
Bank of England Governor Andrew Bailey and his colleagues noted the risks that inflation remain well above the UK’s 2% target for some time.
German defense contractor Rheinmetall AG is in talks to supply Ukraine with its most sophisticated battle tanks and fighting vehicles to help the country defend itself against future threats, according to Chief Executive Officer Armin Papperger.
When Credit Suisse Group AG’s Archegos disaster hit, its traders were in the midst of racking up a $2.65 billion quarter. Less than two years later, they produced a $96 million quarter.
The UK plans to extend the deadline for the formation of a power-sharing government in Northern Ireland by a year, opening up a window to secure a deal with the European Union on the region’s post-Brexit status.
China’s trade relations with Australia showed concrete signs of thawing with coal shipments resuming after more than two years, and hopes of a return of lobster and wine sales.
