Greece: Back in Crisis
Treasuries fell after minutes of the Federal Reserve’s Sept. 16-17 meeting showed policy makers expressed confidence in the economy’s growth prospects, while opting to wait to determine the impact of turmoil overseas on the U.S.
Canada’s appetite for U.S. power assets continued a record run of deals Thursday with the $1.51 billion purchase of Pennsylvania power plants by TransCanada Corp. and Brookfield Renewable Energy Partners LP.
Germany stands to lose credibility in the world if it fails to feed and shelter a wave of refugees in its worst such crisis since World War II, Chancellor Angela Merkel said.
Stakeholders who own millions of shares in Towers Watson & Co. are planning to vote against the firm’s $8.7 billion merger with Willis Group Holdings Plc if the terms of the transactions are not improved, people with knowledge of the matter said.
Canada Pension Plan Investment Board, the country’s largest pension fund, isn’t done shopping for energy assets after committing almost $2 billion to the industry in the past two weeks.
Saudi Basic Industries Corp. announced a restructuring to make itself more agile and cost-efficient, following a comprehensive review of the challenges facing the Middle East’s biggest petrochemicals company.
Russia rolled back cuts to defense spending next year, undoing reductions after embarking on its first military foray outside the former Soviet Union in three decades.
From Oslo to Doha, Riyadh to Moscow, governments that rode crude’s historic rise to unprecedented wealth are now being forced to start repatriating their rainy-day funds just to make ends meet.
Steel shipments into India, Asia’s third-biggest economy, grew at a slower pace for a second month in September after the nation increased the import tax on some products fearing an influx of cheaper goods from China.
Ukrainian government troops and pro-Russian rebels are pulling light weapons and tanks from the conflict area in the country’s east as “relative calm” has prevailed since early September, monitors from the Organization for Security and Co-operation in Europe have confirmed.
Alcoa will separate its higher-margin manufacturing operations from a smelting and refining business that’s under pressure from plunging commodity prices and competition from record Chinese exports. Bloomberg's Sonja Elmquist reports on "Bloomberg Markets." (Source: Bloomberg)
European Commissioner for Economic and Financial Affairs Pierre Moscovici discusses the risks facing the global economy with Bloomberg's Francine Lacqua on "Bloomberg Markets." (Source: Bloomberg)
Michael Horn, president and chief executive officer of Volkswagen Group of America, apologized and promised a full investigation into the company's emissions-cheating scandal at the first congressional hearing on the matter. Here are some of the heated moments from the U.S. House Energy and Commerce investigations subcommittee. (Source: Bloomberg)
Federal Reserve officials put off an interest-rate increase in September because of growing risks to their outlook for economic growth and inflation, mainly from China, even as they continued to say they were on track to raise the target later this year. Bloomberg's Mike McKee reports on "Bloomberg Markets." (Source: Bloomberg)
Bill Gross, who manages the $1.38 billion Janus Global Unconstrained Bond Fund for Janus Capital Group Inc., discussed his departure from Pimco with Bloomberg in an interview from May. (Source: Bloomberg)