BlackRock Inc.’s Larry Fink and Stephen Schwarzman of Blackstone Inc. were among the top US executives seated at President Xi Jinping’s table at an exclusive dinner in San Francisco, where the Chinese leader pitched his nation as a positive force for world peace. Prominent business chiefs at the top table...
Oil fell as an increase in US inventories added to market sentiment over weaker demand and steady supplies. West Texas Intermediate declined toward $76 a barrel after losing 2% in the previous session, while global benchmark Brent traded below $81. US Energy Information Administration data on Wednesday confirmed that crude...
Bonds from emerging Asian nations are set to lag global peers despite a rally in Treasuries. That’s because a 30-day correlation of emerging Asia bonds to Treasuries show the two asset classes are detached, while the same gauge for Latin American bonds and US debt show the two are more...
The global economic slowdown is starting to weigh on corporate efforts to achieve climate goals. Some 40% of heavy industrial companies worldwide say they’re unable to invest further in decarbonization due to the current environment, according to new research by consultant Accenture Plc, which surveyed 1,000 executives. Almost two-thirds indicated their...
US House lawmakers overcame partisan animosity Tuesday to pass a temporary government funding bill that greatly lowers the risk of a shutdown even as it delays fights over Ukraine aid, border policies and deep cuts to federal programs. Democrats bailed out newly elected Speaker Mike Johnson, a Republican whose plan...
Global bonds have been such a kicking post in recent months that it may come as something of a surprise they are just a fraction away from erasing this year’s loss. The Bloomberg Global Aggregate Bond Index jumped 1.3% Tuesday, the biggest one-day gain since March, following weaker-than-expected US inflation...
The US will lead a push at the COP28 climate summit to triple the amount of installed nuclear power capacity globally by 2050, marking a major turnaround for the controversial technology at the climate negotiations. The declaration will call on the World Bank and other international financial institutions to include...
The US and China, the world’s biggest polluters, vowed to step up joint action to tackle climate change in a revival of collaboration that’s likely to offer crucial momentum for UN talks in Dubai opening later this month. Both nations will back global efforts to triple renewable energy capaci Learn more...
The buy-everything wave that just swept across global markets has bypassed Bitcoin, which is down about 3% since a soft US inflation print rolled across trading screens and stirred a bout of wider risk taking. The drop since the US data were published on Tuesday morning compares with a 2%...
The main US federal government pension will exclude investments in Hong Kong, in addition to mainland China, from its $68 billion international fund, amid rising tensions between the world’s two largest economies. The $771 billion Federal Retirement Thrift Investment Board said it will sw Learn more about reprints and licensing for...