BOE Brings Peak UK Interest Rate Into View With Hike to 4%
The Bank of England signaled the fastest pace of interest-rate hikes in three decades may be drawing to a close after it raised its benchmark lending rate a half point.
Bloomberg Business
UK, Australian Leaders to Unveil Nuclear Submarine Plan at White House
UK Prime Minister Rishi Sunak and his Australian counterpart, Anthony Albanese, are planning to go to Washington DC in mid-March potentially to unveil a proposal for Australia’s nuclear submarine project, according to a person familiar with the matter.
Kraken Shuts Abu Dhabi Office as Crypto Exchanges Shrink
Crypto exchange Kraken has shut its Abu Dhabi office less than a year after winning a local license, part of a retrenchment that involves cutting almost a third of its global workforce.
UK SFO Convicts Steel Bosses in $500 Million Trade Finance Fraud
Two executives of a British steel trading business were found guilty of multiple counts of fraud in a $500 million trade finance fraud scheme by a London jury.
Canada Goose Falls as Economic Woes, China Spur Outlook Cut
Canada Goose Holdings Inc. reported revenue and earnings that fell far short of analysts’ estimates after Covid-19 outbreaks hurt sales in China in December, the company’s busiest month.
Gulf Oil Refiners Struggle to Be Ready as EU Bans Russian Fuels
Europe’s looming ban on almost all Russian fuel is sparking a scramble for alternatives, not least from Middle Eastern petrostates.
Wells Fargo Hoped Fed Sanction Would Be Brief. Today It Turns 5
When regulators hit Wells Fargo & Co. with an unprecedented cap on growth, executives atop the bank expressed confidence they could get it lifted in a year or so. Today marks its fifth birthday.
Russia to Press Assault in Ukraine’s East as Kyiv Waits for More Weapons
The latest assessments from Ukraine’s allies point to some difficult weeks ahead for its forces, who now face as many as 300,000 Russian troops along the front lines.
Biden Budget Chief Sees ‘Marathon’ Path to Debt Limit Deal
President Joe Biden’s budget director said she thinks Republicans and Democrats will eventually reach a budget deal and avert a breach of the debt ceiling.
Billionaire Packer Eyes Argentina Energy, Mining Investment
Australian billionaire James Packer is considering an investment in Argentina’s energy or mining sectors, according to people familiar with the matter.
