Federal Reserve Chair Jerome Powell said the US central bank is prepared to raise interest rates further if needed and intends to keep borrowing costs high until inflation is on a convincing path toward the Fed’s 2% target.
UBS Group AG is exploring its first sale of additional tier 1 bonds since its rescue acquisition of collapsed Swiss peer Credit Suisse Group AG, people familiar with the bank’s plans said.
A punishing heat wave will test power supplies in Texas for a second day as triple-digit temperatures continue to drive up electricity consumption.
South Africa’s central bank governor warned that there are still risks to inflation, even as he acknowledged that the rate has come down significantly.
The recent selloff in crypto markets is likely near an end, with long-position liquidations “largely behind us,” according to a research report by JPMorgan Chase & Co.
Blackstone Inc. is selling a piece of the Las Vegas hotel Bellagio, a move that will generate cash for investors in a $67 billion property fund for wealthy individuals.
The Panama Canal is, in many ways, the Panama economy. It hands over about $1 out of every $4 the government takes in, generating a constant stream of cash that flows through all corners of the small country.
The military commander of Islamic State’s Mozambique affiliate, which has held up natural gas projects by TotalEnergies SE and ExxonMobil Corp. worth about $50 billion, has been killed in battle, the government said.
Belarusian President Alexander Lukashenko said the plane crash that killed Yevgeny Prigozhin was too unsophisticated to have been an assassination plot by Vladimir Putin, even as he said he warned the Wagner leader his life was in danger.
The list of people who remain unaccounted for after Maui’s wildfire disaster dropped to 388, a significant decline from earlier estimates, after hundreds of individuals initially reported missing were found.
