Bloomberg Business

Mexico tapped global capital markets for the second time this year, raising $2.9 billion of bonds aimed at buying back a portion of the Latin American nation’s outstanding debt.

Bank of England policy maker Silvana Tenreyro warned that interest rates are higher than the economy can bear and that overtightening would be like Milton Friedman’s “fool in the shower” who scalds himself by being too impatient to wait for the water to warm up.

Italy’s minister for business and made in Italy, Adolfo Urso, said an Italian delegation visited Taiwan to discuss potential cooperation in the semiconductor sector.

SAP SE, Europe’s biggest software company, forecast operating profit for the year that was ahead of analysts’ estimates after it announced job cuts and plans to refocus the company on its faster-growing cloud business.

Crypto trading volumes seem to have surged last quarter as token prices spiked higher. But looking at the data more closely paints a different picture.

US business activity unexpectedly climbed this month to nearly a one-year high, bolstered by stronger services and manufacturing that threatens to reignite inflationary pressures.

Fox Corp. Chief Executive Officer Lachlan Murdoch dropped a defamation lawsuit he filed last August against an Australian news site over a piece it published about him and the effort to overturn the 2020 US presidential election.

The chief executive officer at asset manager Duet Group took all major strategic decisions on a controversial dividend-tax trading strategy that cost Germany €92 million, a key witness said at a German criminal trial.

South Africa’s governing party is pressuring President Cyril Ramaphosa to bring an end to territorial battles among his senior ministers over energy policy as the nation continues to battle crippling power cuts.