Funding & Business
ECB ‘Insurance Cut’ Not Needed With Inflation at 2%, Rehn Says
The European Central Bank is in no rush to lower interest rates further after inflation hit its 2% target and with the economy performing slightly better than thought, according to Governing Council member Olli Rehn.
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Anglo American Plc’s swoop for Teck Resources Ltd. swiftly found rival mining executives jumping on calls with bankers and advisers to find out more about the roughly $60 billion deal — realizing that two of mining’s best prizes had eluded them.
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President Javier Milei’s administration unexpectedly allowed the peso to weaken this week, while simultaneously moving to prevent the rush out of the currency from turning into a stampede that would reignite inflation.
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India’s securities market regulator on Friday made it easier for mega-cap private companies to go public in one of the world’s top destinations for first-time share sales this year.
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