Bloomberg Business

European shares trimmed earlier gains after Federal Reserve Chair Jerome Powell said the US central bank is prepared to raise interest rates further if needed.

The Spanish government is taking swift steps to suspend the head of the country’s football federation following widespread criticism of his behavior during celebrations of the women’s national team’s World Cup victory last weekend.

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.

Iceland’s government expects to balance its budget two years ahead of earlier plan, following similar advice to cool the island’s economy by organizations including the International Monetary Fund and the OECD.

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.

Stocks fluctuated after Jerome Powell signaled it’s still too soon to declare victory over inflation, while saying the Federal Reserve “will proceed carefully” on whether to raise interest rates again.

The US bond market was hit by a fresh round of selling after Federal Reserve Chair Jerome Powell said the central bank remains prepared to push interest rates higher if needed to keep reining in inflation.