European Central Bank Governing Council member Robert Holzmann said interest rates will probably have to rise somewhat higher to get euro-area inflation back to target, according to Austria’s Die Presse.
Affirm Holdings Inc. surged after reporting an increase in transactions on the buy now, pay later firm’s platforms as deals with new merchants helped offset challenges from rising interest rates.
Asterion Industrial Partners has struck a deal to acquire German utility Steag, according to a statement Friday.
A planned liquefied natural gas terminal at Germany’s Baltic coast risks not starting in time for winter, with local opposition to the project prompting a government warning about the fragile state of the country’s energy security.
China Evergrande Group, the defaulted developer at the heart of the country’s real estate crisis, applied to resume stock trading after a 17-month halt, saying it has fulfilled all the listing requirements.
Former Treasury Secretary Lawrence Summers said the Federal Reserve probably needs to raise interest rates at least once more, and cautioned that insufficient attention is being paid to the effects of US fiscal deficits.
As brutal as it’s been for US bond investors, the math is finally turning in their favor.
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.
Embraer SA is considering establishing multiple assembly lines in India to build its small narrow-body jets and military transport aircraft as the Brazilian planemaker tries to win orders in one of the world’s fastest growing aviation markets.
US soybean prices rose for a second straight week, as excessive heat and dryness threaten to further erode crop yields in the Midwest.
