The European Central Bank will probably increase borrowing costs next month due to the worsening outlook for inflation, Governing Council member Joachim Nagel said.
The biggest banks in the US and Europe say they’re ready to facilitate deals in the development finance sector after its embrace of complex securitizations.
The UK’s “low-key fiscal event” budget means a fading fiscal premium, for now, and a focus on sterling’s carry appeal as the first BOE rate rise in the cycle looms. In this episode of the FX Moment podcast, Bloomberg Intelligence chief FX…
Fal, an AI inference startup that hosts image, video and audio models for creators and developers, has doubled its valuation to $16 billion in a new round of funding.Bessemer Venture Partners, an existing investor, led a $1.3 billion…
Starbucks Corp. is discontinuing its breakfast sandwich featuring Impossible Foods Inc.’s sausage patty, extending a trend of restaurant chains moving away from plant-based meat options.
The dollar rose on Election Day in the US, buoyed by climbing Treasury yields and solid economic data, while traders monitored developments in the Middle East for a sense of the greenback’s direction.
Hydro-Quebec, a Canadian renewable-energy powerhouse with major US export contracts, is stretching an investment plan worth C$200 billion ($143 billion) by six years to 2041. Until then, it anticipates potentially being a net importer of…
Over half of London’s bridges across the River Thames are in ‘poor’ or ‘very poor’ condition, the worst possible ratings, with the crossing in Chelsea deteriorating after heavy vehicles were recently diverted from a nearby crossing.
Proposition 40 would impose a one-time 5% tax on the wealth of Californians whose net worth exceeds $1 billion, with most of the revenue dedicated to replacing federal funding cuts to healthcare.
A former West Point cadet who has admitted to drugging his pregnant girlfriend and forcing an abortion on her in 2022 was sued by his former partner last week for assault and battery.
Diamondback Energy Inc., the biggest oil driller focused solely on the Permian Basin, said it’s planning to hold activity steady going into next year despite crude hovering near $100.