Bloomberg Business

Israeli police accused businessman Moshe Hogeg and his partners of defrauding investors of $290 million in a cryptocurrency scam after a two-year investigation into the former owner of an Israeli Premier League soccer team.

Canaccord Genuity Group Inc. shuffled its Canadian capital markets division, installing a new slate of leaders following a round of job cuts.

US junk bonds are expensive given the deteriorating performance of many high-yield corporations, and buying credit derivatives on individual companies can be the best way to bet against the debt, according to Barclays Plc strategists.

BRICS leaders edged closer to adding new members to their club for the first time since 2010, after agreeing terms for an enlargement of the group that they hope will lift its clout on the world stage.

In a scathing letter sent by United Steelworkers to its members at United States Steel Corp., the president of the labor group said the company doesn’t prioritize its union workforce and accused it of betrayal.

European stocks rose, led by bond-proxy sectors such as utilities, as weak economic data prompted bets the region’s central bank will pause its rate-hike campaign.

Federal Reserve Chair Jerome Powell is expected to map out final steps in the US central bank’s campaign to tame inflation, and reinforce its commitment to finishing the job, when he speaks Friday in Jackson Hole, Wyoming.