Quebec, Canada’s second-largest province, is cutting income taxes and reducing the amount it’s socking away in a debt-repayment fund as it braces for a period of slow growth and economic uncertainty.
The Portuguese Navy said it’s monitoring a tanker with a fire on board off the Atlantic coast in the north of the country in case there’s any pollution.
All eyes in the financial and economic world will be laser-focused Wednesday on the Federal Reserve as Chair Jerome Powell tries to balance his fight against inflation against a sudden banking crisis.
Companies piled into the US investment-grade bond market Tuesday ahead of the Federal Reserve’s next interest rate decision, after the market was shuttered for a week as banking turmoil swept the US and Europe.
As Silicon Valley Bank deteriorated late last year and regulators began internally flagging flaws in its risk management, the lender opened up the credit spigot to one group: insiders.
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