Canada Inflation Quickens to 3.3% But Core Measure Shows Progress
Inflation ticked back above the Bank of Canada’s control range in July, but progress on underlying price pressures leaves room for policymakers to pause interest-rate hikes.
Bloomberg Business
Blackstone Names Harper BREIT President While Agarwal Goes on Leave
Blackstone Inc.’s $68 billion real estate trust said its president A.J. Agarwal will go on a sabbatical for nine months and Rob Harper will fill that role.
CEO Praised by Traders Exits Latin America’s Largest Utility
The chief executive officer at Centrais Eletricas Brasileiras SA abruptly resigned on Monday night in a move that puzzled investors in Latin America’s largest utility.
US Congressman Bacon Says His Emails Were Hacked in Campaign Linked to China
US Representative Don Bacon said he is among those whose emails were hacked in an espionage campaign that Microsoft Corp. has attributed to China.
Kretinsky to Team Up With RAG Foundation for Steag Bid
Daniel Kretinsky plans to team up with Germany’s RAG-Stiftung foundation to make an offer for utility Steag, a move that may hand the Czech billionaire an edge over rival bidder Asterion Industrial Partners.
Wheat Falls for Third Day as Black Sea Shipments Continue
Wheat dropped for a third day to the lowest level since early June as grain exports continued from Russia and Ukraine even as tensions remain in the Black Sea region.
Peru Enters Recession, Bolstering Expectations of Key Rate Cut
Peru’s economy contracted in June, pushing the economy into a recession and bolstering expectations of an interest rate cut in the near future.
Hindenburg Reveals Short on Brokerage Firm Freedom Holding
Nate Anderson’s Hindenburg Research has unveiled another target: Freedom Holding Corp., a Kazakh retail brokerage firm that the short seller is accusing of fraud.
Hawaiian Electric’s Municipal Bonds Tumble Amid Maui Fire Probe
Municipal bonds sold for Hawaiian Electric Industries, which operates the utility that serves Maui, have joined the company’s stock in plunging amid scrutiny over the company’s possible role in the island’s deadly wildfire.
Russia Discusses Return to Capital Controls to Stem Ruble Slump
Russia may partially reinstate capital controls to stem a slump in the ruble to levels not seen since the start of the war in Ukraine.
