Suriname Nears Key Restructuring Deal After Years in Default
Suriname’s creditors are nearing a deal with the South American nation’s government to restructure $675 million of bonds, according to people familiar with the matter.
Bloomberg Business
Workers Won’t Have to Pay Firms for Training Under FTC Proposal
The US Federal Trade Commission’s proposed non-compete ban would apply to deals where workers are forced to pay back their companies for training, the agency’s chair Lina Khan said Friday.
Bitcoin Thief Once Worth $3.4 Billion Gets Year in Prison
A Georgia man who stole more than 50,000 Bitcoin from the Silk Road drug-trafficking site before his cache hit $3.35 billion in value was ordered to serve a year and a day in prison.
Increase in US Bank Loans and Deposits Signal Some Stability
US bank lending rose for the first time in three weeks and deposits increased, suggesting credit conditions are stabilizing after a string of bank failures last month.
Argentina Inflation Accelerates More Than Expected to 104%
Inflation jumped in Argentina more than expected as seasonal factors collided with the impact of a historic drought and government overspending to fuel the highest monthly price hikes in two decades.
BlackRock Cuts Larry Fink’s Pay 30% to $25.2 Million for Past Year
BlackRock Inc. reduced Chief Executive Officer Larry Fink’s total compensation to $25.2 million for 2022, a 30% decline from the previous year, according to a regulatory filing.
Molson Outperforms Anheuser-Busch After Backlash From Bud Light’s Influencer Collaboration
Shares of Molson Coors Beverage Co., maker of Miller Lite and Coors Light, have outperformed the US-listed stock of rival Anheuser-Busch InBev SA/NV, the maker of Bud Light, so far this month amid fallout from the latter beer brand’s collaboration with a celebrity influencer.
Canada’s 7.4% Emissions Cut Is Still Too Slow to Meet UN Pledge
Canada has made significant progress in cutting greenhouse gas emissions from before Covid, but the pace is still too slow to meet international commitments, new data show.
After October’s Truss Disaster, UK Uses IMF Meetings to Restore Britain’s Reputation
UK Chancellor of the Exchequer Jeremy Hunt was not just attending the International Monetary Fund’s spring meetings in Washington for the usual finance minister roundtables and global economic security discussions. He had another agenda –- to restore Britain’s reputation.
Stocks Eke Out a Weekly Gain as Banking Fears Ease: Markets Wrap
US stocks edged higher while bonds yields surged this week as worries about the banking sector abated and traders upped wagers that at least one more interest rate increase could be in store from the Federal Reserve this year.