Three Dead in Another School Shooting in Southern Philippines
Three people died while eight were injured in a school shooting in southern Philippines on Friday.
Economics — top stories
Markets, central banks, trade, business, macroeconomicsBank of England Holds Rates Warning of Hike If War Continues
The Bank of England held interest rates at 3.75% while warning that a hike may be needed if inflationary pressures intensify as a result of conflict in the Middle East.
House votes to hold Leon Black in contempt of Congress over Epstein subpoenas defiance
Billionaire Leon Black is suing the House Committee on Oversight and Government Reform seeking to block subpoenas it issued him in its probe of Jeffrey Epstein.
US Indictment Alleges Russian Global Assassination Network
Last year, a former military officer in the Russian intelligence services named Yuri Khrameev offered $25,000 to a US citizen to track and kill someone in Lithuania’s capital who was “telling lies about Russia,” according to US prosecutors.
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ECB Rates Don’t Move in Lockstep With Energy Price, Lagarde Says
European Central Bank President Christine Lagarde told euro-area finance ministers that energy-price jumps don’t automatically translate into monetary tightening.
Bank of Japan’s Ueda Delivers Rate Hike for Scott ‘the House’ Bessent
The BOJ raised rates, but dissenting votes add “dovish signal” that runs counter to Treasury Secretary Scott Bessent’s house view on the yen
France Shouldn’t Throw Out 3% Budget Anchor, Lescure Says
France must stay focused on getting its budget deficit back to the the level permitted under European Union rules, according to Finance Minister Roland Lescure.
Eurogroup Chief Mulls Emergency Meeting on Surging Energy Costs
Euro-area finance ministers may hold an extraordinary meeting to discuss how to cope with increasing energy prices amid strained budgets and global bond-market turmoil.
Bond Income Is Easing Some of the Pain in Treasury Selloff
Yields haven’t been much above 5% since 2007.
Saudi Arabia Billionaires’ Family Office Dubai Bet Adds to London Exodus
An investment firm for one of Saudi Arabia’s richest families is relocating from London to Dubai, according to people familiar with the matter, the latest example of private wealth outflows from the UK to the Gulf despite heightened uncertainty…
Goldman’s Snider Says Fears of US Earnings Bubble Are Misplaced
Corporate America’s blowout earnings are being underpinned by a robust economic outlook and the artificial intelligence boom, meaning worries about an “earnings bubble” are overblown, according to Goldman Sachs Group Inc. strategists.
Amundi’s Berardi: Global Markets Still Face Pockets of Fragility
Alessia Berardi, Head of Global Macroeconomics and Emerging Markets Strategy at the Amundi Investment Institute, discusses the outlook for global bonds after a week in which the Federal Reserve and Bank of Japan hiked interest rates, amid elevated…
Bilfinger CEO on Trimmed Outlook, Job Cuts
German industrial services giant Bilfinger has had a tough week after delivering a surprise guidance cut. The firm is blaming uncertainty coming from the Iran conflict for the warning and is now saying that it may cut 1500 jobs. CEO Thomas Schulz…
Bond Rout’s Silver Lining Emerges With Chance to Grab 5% Yields
For all the anxiety that’s been gripping the world’s biggest bond market, some investors see a compelling reason to buy: income.
Warren Buffett stepping down as chairman of Berkshire Hathaway: 'Father Time always wins'
Buffett's son, Howard, will replace him as chairman as dictated by a long-standing succession plan, Berkshire said.
Parents are interfering with teens’ first jobs. Here’s why employers say it can backfire
Parents are sending their teens' work emails for them. “An employer may reasonably wonder whether the teenager can communicate independently," says expert.
Poland MPC Member Warns Rate Increase Possible on Energy Risks
Poland may need to tighten what is an already restrictive monetary stance if energy prices accelerate, according to central banker Wieslaw Janczyk.
Turkey Investment Funds: How Pusula, Tera Crisis Sparked Market Panic
Turkish citizens piled into some high-profile investment funds in recent years, lured by extraordinary gains that would make many finance professionals pause.
Turkey Fund Rout Erases $4 Billion From a Rapidly-Won Fortune
For a long time, it seemed little could stop Altunc Kumova, a discreet businessman who became one of Turkey’s richest people after a meteoric rise in his finance firm’s stock.
AirAsia's Fernandes refutes financial concerns, points to new growth plans
AirAsia's Tony Fernandes pushed back against a report raising concerns over the airline’s financial health, while signaling plans to resume growth.
BOE’s Balance Sheet Move Eases Repo Pressure, Barclays Says
The Bank of England’s plans to slow the pace of its bond sales will ease pressure on repo operations as well as providing a tailwind for strained long-end gilts, according to a Barclays Plc strategist.
Anthropic and OpenAI hunt for smaller data center deals, sources tell CNBC, in race to deploy AI capacity
Anthropic and OpenAI have announced a flurry of AI infrastructure deals over the past year as demand booms.
FX Market Is Reliably Calm Even as the World Gets More Volatile
Currency volatility has been so low for so long that traders are starting to treat it as the new normal rather than a passing phase.
NSE’s $2.4 Billion India IPO Fully Subscribed on Second Day
The $2.4 billion initial public offering of National Stock Exchange of India Ltd. was fully subscribed on the second day of bidding, bringing the world’s busiest derivatives exchange by volume closer to completing one of the biggest listings in the…
An intense boardroom battle is brewing at India's giant Tata Group
In 10 years, India's leading multinational conglomerate, the Tata Group, is facing a new power struggle between the chairman of Tata Sons and Tata Trusts.
Helios, Mavericks’ Ujiri Back $294 Million Sports Arena in Kenya
Zaria Group, a firm backed by Dallas Mavericks President Masai Ujiri and Helios Sports & Entertainment Group, plans to build a 10,000-seater multipurpose indoor arena in the Kenyan capital Nairobi, according to regulatory filings.
PepsiCo’s Bottler RJ Corp. Plans $105 Million Local Bond Sale
RJ Corp., parent of one of the largest PepsiCo Inc. bottlers outside the US, plans to raise 10.1 billion rupees ($105 million) through local-currency bonds, according to people familiar with the matter.
Spain’s Cuerpo Says Time Has Come to Discuss ECB’s Succession
It’s time to start discussing the future of the European Central Bank should President Christine Lagarde decide to step down early, Spanish Economy Minister Carlos Cuerpo said.