Billions in Legal Losses Are Set to Push Argentina Closer to the Brink
A pair of back-to-back court losses stand to push Argentina’s already precarious finances to the brink.
Bloomberg Business
Nigeria Gets $800 Million From World Bank to Cut Fuel Subsidy
Nigeria secured $800 million from the World Bank for cash handouts to the poor as part of efforts to end a costly fuel subsidy by June.
Oil’s Biggest Rally of the Year Stalls on Demand Concerns
Oil’s biggest rally this year paused as US stockpile draws failed to quell concerns about demand in an uncertain economy.
Terry Smith Builds $1 Billion Fortune With Riches Outside UK
In 2022, the money manager shifted most of his stake in Fundsmith to the Seychelles
Zurich Exits Insurance Climate Alliance Days After Munich Re
Zurich Insurance Group AG is leaving a coalition of major insurers that have committed to reach net-zero emissions, the second high profile exit from the group in a matter of days.
Bonds Catch a Bid as Recession Talks Heat Up Again: Markets Wrap
Wall Street saw a renewed flight to safety, with stocks dropping and bonds climbing after weaker-than-estimated economic data revived fears that a recession could be in store.
Gold Hovers Above $2,000 With Record High Now in Sight
Gold edged slightly higher, hovering above $2,000 an ounce with traders assessing the Federal Reserve’s interest-rate path following weaker-than-expected economic data from the US.
Retail Traders Ignore Banking Crisis and Buy the Dip in Lenders
Individual investors have been pouncing on battered bank stocks, pouring money into heavyweights like Bank of America Corp., despite lingering concerns about an industry crisis after several lenders collapsed.
Saudi’s Savvy Games Buys Gamemaker Scopely For $4.9 Billion
Savvy Games Group, part of the Saudi government’s Public Investment Fund, has agreed to acquire the closely held game publisher Scopely Inc. for $4.9 billion, the companies said Wednesday in a statement.
Women More Likely to Be Rejected When They Ask for More Pay
A majority of men and women still don’t ask for more pay at hiring, Pew research found.