The United Auto Workers gave union leaders permission to call a strike against the biggest US carmakers if they fail to agree on a new contract before Sept. 15, a procedural formality that sets the stage for three weeks of tough negotiations.
Lundin Mining Corp. is facing a wave of leadership departures as the Toronto-based miner navigates a return to its Vancouver roots.
Turkey’s lira slumped as the euphoria surrounding Thursday’s jumbo interest-rate hike subsides, with questions arising over whether the aggressive move has the blessing of President Recep Tayyip Erdogan.
The artificial-intelligence boom has investors transfixed on finding the next hot stock to explode out of the market. But Goldman Sachs Group Inc. has a different idea for playing the AI trade: forget today, think long-term.
Private equity firm Veritas Capital is considering a potential offer for BlackBerry Ltd., according to people familiar with the matter, after the once iconic Canadian technology company announced a strategic review earlier in the year.
Escalating federal borrowing needs may worsen structural deficiencies in the market for US Treasuries that were already on stark display during the 2020 Covid crisis, according to a paper presented to the Federal Reserve’s annual Jackson Hole symposium.
Hawaii state and local municipal bonds have surrendered all their 2023 gains in the past three weeks after the deadly Maui wildfires delivered a fresh reminder of climate risk in the $4 trillion market for state and local debt.
Underlying inflation in the euro area probably only dipped a touch this month, strengthening arguments for one final hike in interest rates by the European Central Bank next month.
European natural gas rebounded on Friday, trimming this month’s first weekly drop, with traders weighing further labor talks in Australia and heavy maintenance in Norway.
Poland and four other eastern members of the EU want to prolong a ban on grain imports from Ukraine, setting up a potential showdown over limits that expire in mid-September. The request is likely to further complicate Kyiv’s efforts to find routes for its exports after Russia pulled out of a deal to allow shipments via the Black Sea. President Volodymyr Zelenskiy discussed grain shipments with Turkey’s foreign minister in Kyiv.
