Bloomberg Business

Brazilian assets tumbled on the first session of 2023 as traders digested plans by President Luiz Inacio Lula da Silva to use state-owned companies to drive economic growth.

A Ukrainian strike on a Russian military facility in the occupied eastern town of Makiyivka killed 63 troops being housed there, Russia’s defense ministry said, making it one of the deadliest losses acknowledged by Moscow.

A prison break in Mexico’s Ciudad Juarez left 17 people dead and allowed 25 inmates to escape in a revival of the penitentiary-system violence that paralyzed the US bordering city last year.

US lawmakers ratcheted up pressure on Chinese companies whose shares list on American stock exchanges to be more transparent with their financial audits.

European natural gas prices started the new year with slight gains as traders faced low holiday liquidity and a mild weather outlook.

Israel raised interest rates to their highest level since 2008 and signaled they’ll remain elevated for some time, leading global central banks expected to extend a monetary tightening cycle to tackle faster inflation.

The fallout from the collapse of Sam Bankman-Fried’s crypto empire just got messier, with digital-asset entrepreneur Cameron Winklevoss accusing fellow businessman Barry Silbert of “bad faith stall tactics” and the intermingling of funds within his conglomerate that Winklevoss says have left $900 million in customer assets needlessly in limbo since FTX’s meltdown.

The president of the European Parliament said she’s started an “urgent procedure” to waive the immunity of two more socialist lawmakers suspected of involvement in a sprawling corruption scandal involving Qatar.

President Alberto Fernandez is seeking to impeach the leader of Argentina’s Supreme Court, a maneuver that escalates his recent feud with the court but that’s unlikely to succeed in congress.

(Bloomberg) — Brazil’s central bank will be even slower to cut its benchmark interest rate from the current 13.75% level, according to a survey of economists who see inflation expectations deteriorating further through the first few years of Luiz Inacio Lula da Silva’s administration.