The European Central Bank must lift interest rates to levels that “significantly” restrict the economy, according to Governing Council member Martins Kazaks, who argued that hikes may need to persist beyond the next meeting in March.
Federal Reserve Bank of New York President John Williams said forecasts officials submitted in December are still a good guide for where interest rates are headed this year and that policy may need to stay at restrictive levels for a few years to get inflation down.
Manchester United shares surged on growing M&A speculation following a Daily Mail report that Qatari investors are planning to make a bid for the English Premier League club in the coming days.
Germany is increasingly concerned that European allies will not provide Ukraine with enough Leopard 2 battle tanks to create the promised two battalions of as many as 62 combat vehicles, with an escalation in fighting against Russia’s invading forces expected imminently.
Healthcare companies used to be some of the safest to lend to during economic downturns, until private equity firms bought them out and larded them with debt. Now they’re some of the riskiest borrowers in the world of leveraged loans.
Chipotle Mexican Grill Inc. diners are flocking back into the chain’s restaurants, looking to avoid extra delivery fees — and to better control what goes into their burritos.
The European Central Bank may need to deliver another half-point interest-rate increase after a planned hike of that size at next month’s meeting, according to Governing Council member Klaas Knot.
Access to Twitter in Turkey has been limited as thousands of families and rescue teams scramble to cope with the aftermath of Monday’s devastating earthquakes.
The Petra Nova facility in Texas was shut down in 2020 due to plunging oil prices. Its restart gives a new lease of life for a project that critics saw as one of the industry’s highest-profile failures.
Under Armour Inc. shares slipped after executives said discounting will continue for a prolonged period as the athletic brand works through excess merchandise.
