The European Central Bank will keep interest rates high for an extended period and could even raise them again if needed, policymakers said on Friday, pushing back on some market bets that euro zone rates will start falling as soon as next spring.
Global equity funds attracted substantial inflows in the week ending Sept. 13, buoyed by hopes the Federal Reserve might halt its rate increases amidst easing inflationary concerns, potentially boosting risk assets.
Societe Generale is open to a sale of its Equipment Finance business as the French bank’s new CEO Slawomir Krupa embarks on a broad strategic revamp, people familiar with the company told Reuters.
China and Zambia will push for greater use of local currency settlement in their trade and investment, the countries said in a joint statement on Friday after their leaders met.
President Joe Biden’s goal to deploy 30,000 megawatts of offshore wind along U.S. coastlines this decade to fight climate change may be unattainable due to soaring costs and supply chain delays, according to forecasters and industry insiders.
Shares of SoftBank’s Arm Holdings rose before the bell on Friday, extending gains from a stellar Nasdaq debut that valued the British chip designer at $65 billion, in a relief to the U.S. IPO market facing a drought in listings.
Euro zone banks will repay early another 34.2 billion euros in multi-year loans from the European Central Bank, shedding central bank liquidity as borrowing costs rise, ECB data showed on Friday.
As Citigroup embarks on a sweeping reorganization, support staff in compliance and risk management are among the most likely to lose their jobs, say sources close to the situation.
Logitech co-founder Daniel Borel stepped up his call for it to find a new chairperson on Friday, after objecting to Wendy Becker’s re-election to the role at the Swiss-American computer peripherals maker’s AGM earlier this week.
