Albert Reichmann, the longtime president of his family’s Olympia & York Developments Ltd., builder of the World Financial Center in New York and the first phase of Canary Wharf in London, has died. He was 93.
Gone are the days of easy lending, cheap money and zero-interest deals. Here to stay: shifting rates, currencies, and inflation that will define the new age in capital markets, according to Bank of America Corp.’s Elif Bilgi Zapparoli.
Home Secretary Suella Braverman suggested the UK may use cruise ships to house asylum seekers in an attempt to cut costs the government estimates will run to £3.5 billion ($4.2 billion) this tax year.
An initial fusion success is starting the path toward what scientists hope will someday be a new, carbon-free power source.
BMW AG is deepening its partnership with Solid Power Inc. as it seeks to lock in an emerging battery technology that could help lower the cost of its electric vehicles.
Stubbornly high inflation, soaring borrowing costs and geopolitical uncertainty hindered dealmaking in 2022, sending global mergers and acquisitions activity down by almost a third compared with last year’s record haul.
The cost of commercial loans in Turkey fell below the interest rates on lira deposits for the first time since 2019, as the world’s most aggressive easing cycle and new regulations make loans for businesses cheaper.
Shareholders are losing patience with the self-described reluctant chief executive.
US mortgage rates declined last week to a three-month low, though a slight easing in home-purchase applications underscores a still-challenged housing market.
Investors ready to turn the page on the worst year for equities since the global financial crisis should brace for more pain heading into 2023.
