Poland’s government moved to contain a selloff in the zloty a week after the central bank blindsided markets with an unexpectedly sharp interest-rate cut, as a senior official pledged to intervene to prop up the currency. The zloty surged.
The diesel market is pricing in a crisis, one that could get soon get even worse because of a lack of the type of crude that’s good for making the fuel.
Adani Group is in talks with banks to refinance debt taken on to fund its purchase of Ambuja Cements Ltd, with lenders divided into three categories in what could be one of Asia’s largest syndicated loan deals of the year.
North Korean leader Kim Jong Un and President Vladimir Putin met for their first summit in four years, which the US said could focus on weapons deals that help the Kremlin’s assault on Ukraine.
The European Central Bank warned of potential negative side effects from a controversial windfall profit tax on banks introduced by the Italian government.
The death toll from raging floods in Libya’s port town of Derna surged to at least 5,000, as rescuers scrambled to find thousands more missing after a devastating storm ravaged the nation’s northeastern coast.
Orsted A/S is entering the UK solar market with a plan to build one of the country’s largest sun-power projects.
De Beers decided to call time on offering lab-grown diamonds for engagement rings even as the man-made alternatives continue to cannibalize demand in one of the company’s most important markets.
Frontier Communications Parent Inc., the $3.6 billion telecom firm that went bankrupt three years ago, is moving its headquarters to Dallas from Norwalk, Connecticut.
The average rate on a five-year adjustable mortgage jumped last week to the highest level in at least 12 years and fixed-rate mortgages also climbed, suggesting persistent housing affordability challenges.
