Stuff that matters
Investors and policymakers should welcome the Federal Reserve’s changing tack to provide less definitive signals on forward guidance, even as markets scramble to guess the U.S. central bank’s next policy …
‘Embrace the uncertainty’ from less central-bank guidance, former Fed officials say Read More
Swiss Re (SRENH.S) posted a smaller-than-expeced 85% fall in net profit in the first half of the year, the reinsurance company said on Friday, in a period hurt by the …
Swiss Re posts smaller-than-expected 85% profit drop in H1 Read More
South Korea’s Hyundai Motor Group plans to ramp up its stake in a local startup specialised in autonomous driving technology and invest about 400 billion won ($308.19 million), a newspaper …
South Korea’s Hyundai Motor Group plans to raise stake in startup, Korea Economic Daily reports Read More
The German academic behind the European Central Bank’s biggest court setback is weighing legal action against the ECB’s new bond-market shield, which he sees as “blatant” aid to Italy and …
ECB nemesis Kerber weighs action against new debt shield Read More
Wall Street bosses are in a bind about whether to cut investment bankers or keep them on staff in hopes of a recovery from a brutal first half. With risks …
Wall Street weighs job cuts as deals slide in battered markets Read More
Billionaire investor Bill Ackman on Thursday said he expected inflation to come down soon, but not to the level of 2% unless the U.S. Federal Reserve maintained “materially higher” interest …
Ackman says rates should be ‘materially higher’ to kill inflation Read More
Mexican state oil company Pemex expects to post a rare annual profit this year, with two consecutive quarters already in the black and a boost to crude output from new …
Mexico’s Pemex expects rare annual profit Read More