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.
Latest
Black Sea Chaos Is Forcing Russian Farmers to Plant Less Wheat
Some Russian farmers plan to plant less winter wheat as flows from the country’s crucial Black Sea ports remain stalled, creating a domestic glut and setting the stage for a smaller 2027 harvest from the world’s top shipper.
Yen Falls After BOJ Rate Hike as Oil Extends Slide
"The Pulse With Francine Lacqua" is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London, we go wherever the story is, bringing you exclusive interviews and…
Tata Sons IPO Tension: How Listing Pressure, Succession Row Is Causing Division
India’s largest conglomerate, Tata Group, is headed for an internal showdown as it wrestles with the question of who will lead its holding company Tata Sons Pvt., which is under regulatory pressure to go public.
Putin targets Nestle's Russian business as Kremlin tightens grip on Western assets
Nestlé is assessing its options after Russia placed the Swiss food giant’s local assets under temporary external administration.
HSBC’s Kettner Sees Stocks Riding Out Rate Hikes, Buoyed by Earnings
Max Kettner, chief multi-asset strategist at HSBC Bank, says equity markets have ‘100%’ discounted higher interest rates from here and points to the global strength in earnings supporting stocks. (Source: Bloomberg)
AI trade rebound sparks flurry of unusually bullish options activity
Options traders stormed into tech trades on Thursday.
Donald Trump Just Made India’s Oil Balancing Act Even Trickier
The country’s thirst for cheap Russian crude has created headaches for New Delhi as the US keeps changing its stance.
Air India CEO Weighs Folding Budget Unit Into Group to Cut Costs
Air India Ltd.’s incoming Chief Executive Officer Tewolde Gebremariam is considering folding the no-frills Air India Express unit into the group as he tries to cut costs to counter record losses, according to people familiar with the matter.
Saudis Tell European Refiners They’ll Get No Crude Next Month
Saudi Aramco told at least two oil refining customers in Europe that they will be allocated no crude oil next month after the kingdom’s key pipeline to the Red Sea was attacked, people informed of the decision said.
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.
Beauty, health and wellness are converging into one retail category
As consumers prioritize holistic retail purchases, beauty, health and wellness are increasingly converging into one category and one consumer budget.
AI safety debate meets reality at Dreamforce as business leaders say last year's models are enough
At Salesforce's annual mega-conference in San Francisco, attendees said they get enough value from older AI models.
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
SP Group Dollar Bonds Hit Record High on Tata Sons Listing Bet
Shapoorji Pallonji Group’s dollar bonds rose to a record this week as investors bet a potential listing of Tata Sons Pvt. may help the Indian construction giant unlock value from its stake in the holding company and repay costly debt.
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.
France Bond Risk Gauge Reaches New Milestone on Budget Risks
A measure of French bond risk rose to one percentage point for the first time in 14 years, a sign of growing caution among investors given the country’s large budget deficit and ongoing political uncertainty.
China’s Fiscal Pullback Stretches Into August as Spending Slumps
China’s public expenditure declined at a quicker rate in August, indicating the government was still withdrawing fiscal support for the economy despite cooling growth momentum.
Shapoorji Seeks Bond Payment Delay as Tata Listing Takes Shape
India’s Shapoorji Pallonji Group, the conglomerate behind the country’s biggest private credit deal, is in talks with lenders to one of its units to extend a bond payment due at the end of September, according to people familiar with the matter.
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…