Donald Trump pledged to create “the greatest sovereign wealth fund of them all.” His advisers think one way to do it is a government agency they bet can help mobilize hundreds of billions from Wall Street.
US President-elect Donald Trump’s policies risk stunting global growth and weakening demand for Malaysian chips, according to Malaysia’s Investment, Trade and Industry Minister Zafrul Aziz.
Mexico is planning to establish a “task force” to involve US companies in the process of reducing imports from China, the country’s economy minister told a group of auto suppliers at a private meeting Friday in Detroit.
Janet Yellen, US treasury secretary, wrote in a letter to congressional leaders Friday that she was advising them “of the extraordinary measures that Treasury will begin using” to avoid breaching the debt limit.
As if the yuan wasn’t already under pressure from the weak Chinese economy, a surging dollar and the prospect of higher US tariffs, the currency faces an additional downdraft: a flood of money looking to invest overseas.
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In the euphoric markets of 2024, the biggest sin was skepticism. A white-hot runup in risky assets made life miserable for anyone buying into the frenzy of fresh products that Wall Street was hawking to hedge and diversify.
Speculative currency traders bolstered wagers for an even stronger US dollar in the leadup to President-elect Donald Trump’s return to the White House.
When Glencore Plc proposed a combination with Rio Tinto Group a decade ago, the larger company turned it down after just a few days. News this week that the two spent several months in negotiations in the second half of last year shows how the sands have shifted,
The Biden administration has distributed at least $26 billion of dollars in financing to clean-energy companies in its final days before President-elect Donald Trump takes off.
El transporte vial representa alrededor del 12% de las emisiones globales, por lo que es difícil imaginar cómo el mundo alcanzará sus objetivos climáticos cero neto a menos que la gente se despida por siempre de sus automóviles a gasolina y diésel.
Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week. • In the US – a preview of what comes next for the U.S economy when Donald Trump takes office,