MicroStrategy Inc., the company best known as the largest publicly traded holder of Bitcoin, added to its hoard of the world’s largest cryptocurrency in the past two months, using stock sales to help fund the almost $150 million worth of purchases.
European Central Bank President Christine Lagarde reiterated that borrowing costs will remain elevated for as long as needed to tame consumer prices — even as the economy struggles.
(Bloomberg) — Merck & Co.’s antiviral Lagevrio is linked to specific genetic changes in the virus that causes Covid-19, researchers said, raising questions about whether the drug has the potential to accelerate how quickly the coronavirus mutates.
Gold slipped as the dollar rallied and bond yields gained amid speculation that central banks will keep interest rates elevated for longer to rein in inflation.
Germany’s ruling coalition pledged to simplify building rules and boost public investment in a bid to lift the country’s construction industry out of a slump and spur new housing projects.
UK regulators want to boost diversity and inclusion in the financial services sector by requiring firms to set targets and making clear that a banker’s private behavior can be relevant to determining their suitability to work in the industry.
Kenya’s eurobonds plunged Friday after President William Ruto said rich countries should work toward “a new sovereign debt architecture” to provide relief for poor nations.
(Bloomberg) — Genstar Capital, a San Francisco-based private equity firm, is considering a sale of TekniPlex that could value the manufacturing group at more than $4 billion, according to people familiar with the matter.
Holders of credit insurance on Casino Guichard-Perrachon SA are set to receive a big payout after the company skipped interest payments while it was negotiating a restructuring with its creditors.
(Bloomberg) — The European Central Bank’s message that interest rates will stay higher for longer is finally sinking in with the bond market.
