Canary Wharf Fights Back With Nightlife, Schools and Scientists
When Martin Williams worked in the Canary Wharf outpost of steak chain Gaucho, it wasn’t uncommon for a large table of deal-makers to rack up a lunch bill of £5,000 ($6,016) or more.
Bloomberg Business
JPMorgan’s Dimon Says Fed May Hike Above 5%, Reuters Reports
(Bloomberg) — JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon said the Federal Reserve may need to lift its benchmark interest rate above 5%, Reuters reported, after a slew of central bank officials stressed the need to keep hiking.
Biden Downplays Seized Material as ‘Stray Papers’ From 1970s
President Joe Biden downplayed the material — including classified documents — discovered at his Delaware home and personal office in Washington, saying his understanding was federal agents took “stray papers” and items that dated to the 1970s.
Selloff Risk Looms as MSCI Reviews ‘Free Float’ of Adani Stocks
MSCI Inc. is reviewing the amount of Adani Group-linked shares freely tradable in public markets, after receiving investor feedback on the eligibility of the embattled Indian conglomerate’s securities in its indexes.
Cash Burn at Bankrupt Celsius Sparks Ire Over Plea for More Time
Bankrupt cryptocurrency lender Celsius Network’s request to extend the deadline to present its Chapter 11 plan has run into opposition because of cash burn and the length of time already taken.
Biden’s Renewed Push in Southeast Asia Sees More in Favor of US
A growing number of Southeast Asians would choose the US over China if the region were forced to pick sides, according to a new poll that shows renewed engagement by the Biden administration is starting to pay off.
Thailand May Borrow Less as Buoyant Tax Collection Cuts Deficit
Thailand is set to borrow less than previously forecast to finance the nation’s budget deficit this year as a better-than-expected rebound in economic activities buoy tax collections, according to a government official.
Quake Latest: Deaths Top 12,000, Turkey Plans Border Openings
The death toll from Monday’s devastating earthquakes has risen to 12,391 in Turkey, according to the country’s disaster management agency. About 2,000 more have been reported dead in Syria, according to Turkish state-run broadcaster TRT.
Bond Investors Are Shrugging Off Surge in Bets on Hawkish Fed
Investors are piling into the longer end of the Treasuries market even in the face of increased anticipation that the Federal Reserve will remain hawkish enough to substantially hike its benchmark interest rate in the coming months.
India’s New Infrastructure Lender Plans Debut $610 Million Bond
India’s newly created infrastructure-financing institution is planning a maiden bond issue of 50 billion rupees ($610 million) in the next quarter, according to a senior official at the company.
