Yields on Treasury bills for early June soared in New York trading Tuesday in the wake of a warning from Treasury Secretary Janet Yellen that the US government could run into debt-ceiling limitations as soon as the start of next month.
Turkey’s central bank asked lenders to limit dollar sales to companies that don’t have urgent payments and to prioritize meeting demand from special government-backed lira deposits, according to people with direct knowledge of the matter.
Wall Street’s bearish stance toward the dollar, about as pronounced as it’s been since early 2022, is on the cusp of a serious test.
Apollo Global Management Inc. is opening some of its funds to individual investors in Europe, Asia and Latin America as it continues to grow its wealth management business.
Swedish housing prices extended one of the world’s worst routs, which could be further fueled by interest-rate hikes that are yet to have their full effect.
Morgan Stanley is preparing a fresh round of job cuts amid a renewed focus on expenses as recession fears delay a rebound in dealmaking.
Russia’s shipments top 4 million barrels a day for only the second time since the invasion of Ukraine
The Philippines’ airspace will be closed for six hours on May 17 to allow the replacement of an electrical equipment that malfunctioned and shut the Southeast Asian country’s air traffic systems on New Year’s Day, affecting thousands of passengers.
Marriott International Inc. reported earnings that beat expectations as consumer demand for vacations continued to make up for slower business travel.
China has electrified both the low and high ends of its auto market. Budget models are now taking off in India, Indonesia and Thailand, as well.
