Colombia and Brazil Lead Emerging Market Currencies on Fed Bets
Emerging-market currencies reversed earlier gains on Tuesday, led down by the Chilean peso, as traders continue to tweak their bets on US interest rate cuts this year.
Emerging-market currencies reversed earlier gains on Tuesday, led down by the Chilean peso, as traders continue to tweak their bets on US interest rate cuts this year.
Israel’s move to take control of the Rafah crossing into Egypt has sparked sharp debate about its end goal: Is this the start of a long-threatened invasion of the southern Gaza city, or an attempt to pressure Hamas to ease conditions for a cease-fire and the release of hostages?
Guggenheim Partners is talking to lenders, including private credit firms, to gauge their interest in financing the potential $6.6 billion buyout of US department store chain Macy’s Inc. by investment firms Arkhouse Management Co. and Brigade Capital Management.
Bonds and shares in Volcan Cia Minera SAA fell after Swiss commodities giant Glencore Plc announced it sold a controlling stake in the Peru zinc miner.
American drivers may pay about the same prices at the pump this summer, providing a boon for the Biden administration’s efforts to tame inflation.
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