Fossil fuel spending to fall for first time since pandemic
Decline is led by oil sector, where lower prices are forcing companies to reassess their plans, says IEA
Economic news
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Trade war a bigger challenge for EM central banks than Covid, says IMF’s Gopinath
Fund deputy warns policymakers are ‘steering through the fog’ as they weather Donald Trump’s unpredictable tariffs
Most companies are already raising prices or plan to because of tariffs, data shows
Two different surveys show most firms plan to pass along tariff costs to consumers.
Fed ‘Beige Book’ economic report cites declining growth, rising prices and slow hiring
The report noted that “economic activity has declined slightly since the previous report” released April 23.
Glencore-backed Cobalt Holdings scraps planned London listing
Metal investment company pulls IPO weeks after announcing plans for $230mn share offering
Chime’s IPO may struggle to strike a chord with investors
Public investors can afford to be picky — and risk rather than reward might end up setting the tone