Deutsche Bank Contrarians Say US Stocks Can Extend Their Rally
From JPMorgan Chase & Co. to Morgan Stanley, strategists are turning more bearish on US stocks. Their peers at Deutsche Bank AG aren’t having it.
Bloomberg Business
EU Sees Legal Grounds to Use Seized Russian Central Bank Assets
European Union member states have been told the bloc has the legal authority to temporarily leverage at least €33.8 billion ($36.8 billion) of Russian central bank assets to help pay for the reconstruction of Ukraine, according to people familiar with the matter.
Debt-Limit Showdown Splits Credit Raters on US Downgrade Trigger
The three most-cited debt-rating firms are all expecting Congress ultimately to raise the federal debt ceiling — despite a deep partisan divide — though they’re split on the implications of any move to prioritize payments on Treasuries in the event the debate goes into extra time.
US and EU Discuss Deal to Widen Access to Inflation Reduction Act
The US and the European Union are discussing a possible deal on minerals and critical raw materials in a bid to allow the EU to qualify for benefits in President Joe Biden’s massive new green investment plan, according to people familiar with the matter.
Turkey Keeps Up Suspense on Rates With Inflation View Intact
Turkish central bank Governor Sahap Kavcioglu offered no clues about his plans for interest rates in unveiling his first quarterly inflation report of the year.
Asda Seeks to Cut Costs With Overhaul of Stores And Shifts
Asda, the highly leveraged UK supermarket chain, is planning to cut jobs and change working practices to save costs.
Vision Ridge Raises $700 Million for Sustainable Investments
Private equity firm Vision Ridge Partners, which backs sustainable assets like electric ferries and battery storage systems, has raised a new $700 million fund to bolster its current investments and potentially make new ones.
Pakistan Rupee Slumps to Record as IMF Bailout Urgency Grows
Pakistan’s currency tumbled to a record low as the crisis-stricken government relaxed its grip to win much-needed loans from the International Monetary Fund.
US Filed Microsoft-Activision Suit to Head Off EU Settlement
The US Federal Trade Commission filed its lawsuit to block Microsoft Corp.’s $69 billion takeover of gaming company Activision Blizzard Inc. in December partly to get ahead of its European counterparts and dissuade them from accepting a settlement allowing the deal, according to people familiar with the investigations.
Ranks of Quiet Quitters Climb as Layoffs Mount
Surveys from Gallup and a human-resources association capture a hybrid workplace with growing confusion and distrust.
