Yen Extends Gain Against Dollar Past 2% on Day, After US CPI
The Japanese yen extended gains on the day versus the US currency to more than 2% after the release of US consumer-price inflation data.
Bloomberg Business
Polish Government Sees Rocky Path to Unlocking Frozen EU Funds
The Polish government will struggle to push through a law that would alleviate its dispute with the European Union and unlock billions in funding, the European affairs minister said.
Criminal Activity Thrived in Otherwise Tough Year for Crypto
Cryptocurrency transactions may have taken a hit in 2022 with the onset of a bear market.
BRICS May Decide on Whether to Admit New Members This Year
The BRICS group of nations is formulating criteria for countries wishing to join the bloc and may decide by the end of this year on whether to admit new members and who those states will be, Naledi Pandor, South Africa’s foreign minister, said.
Infosys Raises Sales Forecast, Even as Downturn Fears Loom
Infosys Ltd. raised its annual sales forecast, remaining upbeat on large clients’ need to automate their systems and cut costs even as it warned of pockets of uncertainty because of a global economic downturn.
Libor Eclipses the Peak It Reached in Wake of Lehman’s Collapse
One of the world’s most important short-term lending benchmarks has climbed back to a level last seen before the onset of the global financial crisis in 2008.
BOE Made £3.5 Billion Profit on Emergency Bond Market Intervention
The Bank of England made a profit of about £3.5 billion on September’s emergency bond market intervention after selling off the final bonds on Thursday.
US Flight Chaos Puts Harsh Spotlight on FAA After Tense Year
An overlooked software flaw is opening up US aviation authorities to new scrutiny over the resiliency of the systems that keep the nation’s planes moving.
South Africa’s Transnet Is at Mercy of Banks, Godongwana Says
Transnet SOC Ltd., the state-owned company that operates South Africa’s freight rail network and ports, is dependent on the patience of the financial institutions to which it owes money, the finance minister said.
Ex-JPMorgan Exec Staley Had ‘Profound’ Friendship With Epstein, US Virgin Islands Claims
(Bloomberg) — The US Virgin Islands has expanded allegations that JPMorgan Chase & Co. and its former private wealth chief Jes Staley facilitated sex trafficking for Jeffrey Epstein.
