Holzmann Sees Case for ECB Rate Hike If No Surprises Turn Up
The European Central Bank hasn’t defeated inflation and probably needs to raise interest rates again in September, according to Governing Council member Robert Holzmann.
Bloomberg Business
Bank of America Boosts Brazil Growth Forecasts
Bank of America Corp raised its forecast for Brazil’s economic growth, citing falling interest rates, a robust labor market and an improving investment climate.
US Bets on Offshore Wind Boom in Oil-Rich Gulf of Mexico
The Gulf of Mexico has been a hub for US oil production for decades. A government auction Tuesday could help make it a nexus for offshore wind, too.
SEC Probes Major Lender Over Mortgage-Backed Securities Sold to Wall Street
The US Securities and Exchange Commission is probing The Change Company, a California lender that pledges to promote homeownership in underserved communities, over its mortgage-backed securities, according to people with direct knowledge of the matter.
Trump Arraignment in Georgia Election Case Is Set for Sept. 6
Former President Donald Trump and 18 others accused of trying to steal the 2020 election through false claims of voter fraud are scheduled to be arraigned on state charges in Georgia on Sept. 6.
Emerging-Market Rally Runs Into Doubts Over China and Fed
A rally in emerging markets faded as doubts over China’s commitment to revive its faltering economy and confusion over the US Federal Reserve’s next steps kept sentiment in check.
Five Key Charts to Watch in Global Commodities This Week
Spot gold reversed a four-week slide last week, but the rally may not last. Meanwhile, global subsidies for fossil fuels have never been higher even as the climate crisis wreaks havoc around the world.
Four Migrant Children, One Woman Die Off of Greek Islands
Four children died in a group of migrants off the Greek island Lesvos and a woman died near the island of Samos after they tried to cross the sea from neighboring Turkey.
StanChart to Sell Jet Lessor to Saudi PIF Unit for $3.6 Billion
Standard Chartered Plc agreed to sell its aviation finance business to a unit of Saudi Arabia’s sovereign wealth fund for $3.6 billion and inked a separate deal to offload a portfolio of loans as part of efforts to boost returns.
Bitcoin ETF Deadlines Loom Again for SEC Ahead of Labor Day Weekend
The journey to a potential Bitcoin ETF has so far been long and arduous. But some key decisions in the race are likely coming this week as crypto faithful await to see how things play out this time.
