Private credit more than doubled in size from 2019 thanks to interest rate hikes that made its floating-rate debt more attractive to investors. Now, a Federal Reserve interest-rate cut is adding to the headwinds hampering the breakneck growth of the $1.7 trillion industry.
European Commission President Ursula von der Leyen promised to mobilize up to €10 billion ($11 billion) in funding to help central European leaders grappling with the worst flooding in decades.
Japanese financial conglomerate SBI Holdings Inc. and former Federal Reserve official Roger Ferguson agreed to buy minority stakes in Gateway Partners Group, the latest Dubai financial firm to attract overseas interest.
Wage growth picked up again in US job openings tracked by Indeed following two years of steady declines, driven by high-income sectors such as software and finance.
Since Hamas launched a new war with Israel on Oct. 7, the Lebanese militia Hezbollah has expressed solidarity with the Islamist Palestinian group through military action. It has fired missiles, mortars, rockets and explosive drones into northern Israel almost daily, prompting Israel to respond with its own fire. Fears that the fighting would escalate to full-scale war escalated after 26 people in Lebanon were killed on Sept. 17 and 18 when pagers and walkie-talkies, old-fashioned gadgets used by
Former Republican elected officials including ex-Staten Island Congresswoman Susan Molinari crossed party lines to endorse the Democratic challenger to Representative Nick LaLota in a key US House race on eastern Long Island.
Ireland’s rent controls are deterring overseas investors in the local residential real estate market and keeping out billions of euros, according to a study by CBRE Group Inc.
The German government has started an internal probe into its Commerzbank AG share sale after the transaction allowed UniCredit SpA to swoop in and take a major stake in the lender.
An influx of travelers passing through US airports has created a frenzied borrowing boom to raise cash for expansion projects.
Mobileye Global Inc. shares surged the most in nearly two years after Intel Corp. said it isn’t “currently” preparing to unload its majority stake in the maker of autonomous driving technology, easing investors’ fears.
United Arab Emirates President Sheikh Mohammed bin Zayed will prioritize talks on economic ties ahead of geopolitics during his first trip to Washington as the country’s ruler.
Mortgage rates continued their decline, hitting the lowest level since early February 2023.
French President Emmanuel Macron is set to meet with Prime Minister Michel Barnier around 7:15 p.m. in Paris on Thursday to discuss the appointment of a new cabinet, according to Le Monde newspaper.
The Bank of England has given Chancellor of the Exchequer Rachel Reeves a £4 billion ($5.3 billion) lifeline to help ease spending pressures ahead of what she has said will be a tough first budget.
The stock market’s furious run that has sent the S&P 500 Index flying 20% this year is far from over, according to BMO Capital Markets.
Neuberger Berman senior portfolio manager Steve Eisman said he has “no idea” who will win the US presidential election — reversing an earlier prediction that Donald Trump would triumph — but said the markets will be fine in any scenario apart from a sweep by Democrats.
