
Biden, McCarthy on Familiar Territory in Debt-Limit Standoff
President Joe Biden and House Speaker Kevin McCarthy followed similar, winding paths to find themselves back at a familiar point: staring out over the brink of a debt ceiling crisis.
President Joe Biden and House Speaker Kevin McCarthy followed similar, winding paths to find themselves back at a familiar point: staring out over the brink of a debt ceiling crisis.
Nigeria’s state energy company struck a $741 million deal with Daewoo Engineering & Construction Co. Ltd to rehabilitate an oil refinery in the northern city of Kaduna.
The European Central Bank lifted interest rates by a half-point and pledged another such move before officials then take stock of where borrowing costs must go to tame inflation.
Veteran emerging-markets investor Mark Mobius said his firm didn’t participate in Adani Enterprises Ltd.’s stock sale before it was pulled due to concerns about the debt of the Indian tycoon’s firms.
(Bloomberg) -- Czech policy makers kept borrowing costs unchanged and reiterated their currency-intervention pledge that has boosted the koruna and helped fight the worst cost-of-living crisis in three decades.
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