(Bloomberg) — Brazil’s real strengthened to the highest since June after central bankers kept interest rates on hold and expressed concern about rising inflation expectations, fueled by tensions with President Luiz Inacio Lula da Silva’s new government.
Saudi Arabia appointed a new head of the central bank, promoting the vice governor for investment and research as the budget returns to a surplus for the first time in nearly a decade.
US hiring likely continued to moderate at the start of the year, though still-solid wage growth, an unemployment rate near historical lows and high vacancies are seen stiffening the Federal Reserve’s resolve to keep rates elevated for some time.
Lightspeed Commerce Inc., a Canadian payment-tech firm that reduced staff by 10% last month, posted a larger-than-expected $814.8 million loss after writing down the value of firms it acquired before the technology market slumped.
Arrangers of Adani Enterprises Ltd.’s scrapped 200 billion-rupee ($2.4 billion) equity offering will now have to scramble to recover minuscule fees from what was supposed to be the country’s biggest-ever follow-on share sale.
Former House Speaker Nancy Pelosi said she would endorse Representative Adam Schiff’s bid for a coveted Senate seat from California if Senator Dianne Feinstein, 89, does not run again in 2024.
The Bank of England’s forecasts for the UK economy may be worse than gloomy projections from the International Monetary Fund earlier this week.
South Africa’s Eskom Holdings SOC Ltd. is not very good at keeping the lights on, but it’s providing excellent profits for bondholders.
Okta Inc., a software maker known for identity verification and login services, is cutting about 300 employees, the latest technology company to cut costs by shedding employees. The shares jumped 6.5% in premarket trading.
Texas will face a fourth day grappling through an ice storm that has caused power outages, grounded flights and triggered deadly accidents on slippery roads.
