Christine Lagarde was invited by European Central Bank employees to explain how promotion of her book and negotiations on her next role stack up ethically.
Sales of US existing homes rose in September for the first time in four months, although a surge in mortgage rates and high prices are set to keep activity depressed through the remainder of the year.
Rory McIlroy, six-time major golf champion and career grand slam winner, says he would welcome back LIV Golf players to the PGA Tour. He says it would be good for the entire sport and business. He speaks to Mishal Husain, editor-at-large, Bloomberg; host of The Mishal Husain Show, at the Bloomberg New Economy Forum in New Delhi. (Source: Bloomberg)
Senegal’s year-end target to finalize a deal with the International Monetary Fund and reach a debt-relief agreement with bondholders is already facing delays, according to people familiar with the situation.
A European Union deal to cap hybrid imports from China is only the first step as trade asymmetry goes far beyond cars, the bloc’s top economics official said.
Brazil analysts lowered their interest rate forecasts for the end of this year as right-wing candidate Flávio Bolsonaro leads polls for the presidential runoff, boosting investor hopes of tighter fiscal policy.
Blackstone Inc. President Jon Gray and Federal Reserve Governor Christopher Waller said the fiscal strains in France are a worrying sign for governments that have been spending heavily, but those risks are less pressing in the US thanks to its much higher growth.
Czech core inflation accelerated more than the central bank expected in September as policymakers are set to debate whether to raise interest rates for a second time this year.
Bank of Korea Governor Shin Hyun Song said further gains in the won would be desirable, pointing to stronger household purchasing power from the currency’s substantial appreciation since the central bank shifted to tighter monetary policy.
US small-business optimism fell to a three-month low in September as economic expectations dimmed and a smaller share of firms indicated it was a good time to expand.
Italian Finance Minister Giancarlo Giorgetti insisted his budget will respect European Union fiscal targets even while relieving families strained by the cost-of-living crisis.
"Economic and financial stability is your first line of defense," IMF chief Kristalina Georgieva said at an IMF event in Bangkok, urging debt-laden advanced economies to put their fiscal house in order and choose trade diversification over protectionism. (Source: Bloomberg)
Bank of Japan officials are leaning against a rare back-to-back interest rate increase this month while still eyeing the possibility of another move as soon as December, according to people familiar with the matter.
Federal Reserve Governor Christopher Waller said the surge in long-term US Treasury yields is helping to curb demand in interest-rate-sensitive sectors such as housing and automobiles, doing some of the work of tighter monetary policy.
South Africa’s manufacturing sector has been in decline for more than three decades. Now, a deluge of cheap Chinese goods, intensified by US President Donald Trump’s tariff war, is putting what remains of its industrial base under renewed pressure.
Blackstone Inc. President Jon Gray warned that fiscal strains in France, the UK and elsewhere in Europe pose a more pressing risk than in the US, where investment in technology is bolstering economic growth.