Petro Calls on Colombian Central Bank to Cut Interest Rates
Colombia’s central bank needs to cut interest rates since inflation is slowing and tight money is hurting growth, President Gustavo Petro said.
Bloomberg Business
Norway’s $1.4 Trillion Wealth Fund Returns 10% on Tech Surge
Norway’s $1.4 trillion sovereign wealth fund returned 10%, or $143 billion, in the first half, indicating it’s back on track following one of the worst years in its history.
Norway’s Sovereign Wealth Fund Tells Companies to Get Serious About AI Risks
Norway’s $1.4 trillion sovereign wealth fund urged boards and companies to get serious about how they handle the threats and opportunities provided by the rapid advances in artificial intelligence.
Sanofi Was Mystery Bidder That Lost Reata to Biogen
Biogen Inc. narrowly beat out Sanofi SA to clinch its $7.3 billion acquisition of Reata Pharmaceuticals, according to people familiar with the matter.
Insurers Fume at Proposal That May Crimp Private Investments
Representatives of the multitrillion-dollar insurance industry are hurling criticism at a proposal that could make it harder to invest in deals sold in fast-growing private markets that offer higher yields but often bring added risks.
Argentina Inflation Cooled to 113% Before Election Price Surge
Annual inflation in Argentina eased slightly in July before last Sunday’s stunning election result sent prices soaring.
Cable, Broadcast Channels Fall to Below Half of All TV Viewing
The amount of time people spent watching cable and broadcast channels has fallen for the first time to less than half of all TV viewing, while streaming hit a new high, according to a report released Tuesday by market researcher Nielsen.
Biden Says He Plans to Visit Hawaii to See Damage From Maui Wildfires
President Joe Biden said he intends to travel to Hawaii with first lady Jill Biden as soon as possible amid mounting pressure to see firsthand the devastation from wildfires in Maui.
Frontier Communications Considers Moving Headquarters to Texas or Florida
Frontier Communications is considering moving its headquarters from Norwalk, Connecticut, to either Texas or Florida, threatening to join an exodus of companies and workers to the US south.
Ontario Teachers’ Makes Bond Bet as Economic Clouds Gather
Ontario Teachers’ Pension Plan is making a bigger bet on bonds and credit and is adding leverage to pay for it.
