First Quantum Minerals Ltd. plans to appeal an order by Panama’s government to halt production at a massive copper mine in the Central American country as the two sides try to reach a tax agreement for the project.
A rally in stocks fizzled out after two Federal Reserve officials signaled that interest rates could top 5%, throwing some cold water on traders who saw a peak below that mark.
The appointment places a pro-Trump lawmaker in charge of the chamber’s tax, trade and health agenda
The White House accused GOP lawmakers of seeking to “defund” the military, seizing on an agreement to elect Kevin McCarthy speaker of the House that may lead to defense spending cuts.
(Bloomberg) — Thailand’s Prime Minister Prayuth Chan-Ocha joined a new party as he looks for ways to extend his eight-year rule despite term limits, signaling shifting alliances and a ramp up in political jockeying ahead of elections slated for May.
Asia’s benchmark stock index entered a bull market, as China’s reopening and a weakening dollar lure investors back to the region.
Donald Trump told congressional Republicans to play “tough” on raising the federal debt limit later this year, stoking sentiment in the GOP for a potentially market-rattling showdown in order to pressure Democrats on spending cuts.
Crypto startups are facing a harrowing time attracting private financiers after the collapse of digital-asset exchange FTX. Venture capital investment in the industry plunged to its lowest level in almost two years during the fourth quarter of 2022, according to data from research firm PitchBook.
The US is expected to run up against its statutory borrowing cap later in the year, and the risk is that lawmakers may resort to a series of can-kicking measures that wind up roiling financial markets.
(Bloomberg) — Multiple small biopharmaceutical companies jumped by a record Monday after larger drugmakers scooped them up, marking a small flurry of activity in the M&A-hungry space as a key sector conference kicks off.
