Bloomberg Business

Dimon Warns 7% Fed Rate Still Possible, Times of India Says

Markets may be predicting the end of the Federal Reserve’s tightening cycle, but Jamie Dimon is still telling clients to prepare for a worst-case scenario of benchmark interest rates hitting 7% along with stagflation.

Brookfield, THL Weigh Bids for Pipeline Inspector Rosen Group

Brookfield Asset Management and Thomas H. Lee Partners are among suitors considering making final bids for Rosen Group, an engineering firm specializing in testing oil and gas assets, people with knowledge of the matter said.

Saudi Ambassador to Palestinians Makes First Visit to West Bank

Saudi Arabia’s new ambassador to the Palestinian Authority officially visited the occupied West Bank for the first time on Tuesday, seeking ways for US-sponsored Saudi-Israel normalization negotiations to benefit the Palestinians.

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