The Daily – August 17, 2023
Global government bond yields extended their climb to the highest level since 2008
Global government bond yields extended their climb to the highest level since 2008
Norway’s central bank is poised to slow the pace of monetary tightening this week in what may prove its penultimate step in this hiking cycle.
Walt Disney Co.’s ESPN has signed a long-term exclusive agreement with casino operator Penn Entertainment Inc., licensing its brand for sports betting and deepening the media giant’s ties to the growing online gambling business.
Moody’s Investors Service lowered credit ratings for 10 small and midsize US banks and said it may downgrade major lenders including U.S. Bancorp, Bank of New York Mellon Corp., State Street Corp.
Meta Platforms Inc. started its process of ending news availability in Canada over a law requiring digital platforms to pay local news outlets.
UBS Group AG is planning to exit billions of dollars in loans to Credit Suisse’s clients in the Asia Pacific region, as the Swiss bank
European stocks gained on a busy day of earnings reports and ahead of an interest rates decision from the region’s central bank
Biogen Inc. said it would cut 1,000 jobs and reduce operating expenses by an additional $700 million by 2025 as it reported sales and earnings that beat analyst expectations.
Bank of Japan officials meeting this week will probably consider a sharp increase to their inflation forecast for this fiscal year
Glencore Plc said it expects annual profit of $3.5 billion to $4 billion from its commodity trading business, reiterating that the unit remains on track to beat its long-term target for a fourth straight year