Leading independent asset-based lender Independent Growth Finance (IGF) has announced its latest growth figures, building on 2021’s record-breaking results. April saw client volume increase by 46%, now more than £2.4bn annually and a 55% growth in fund-in use against the same period last year. This continued growth is impressive amidst challenging economic conditions, and is testament to IGF’s continued commitment to financing underserved […]
Kohl’s Corp has entered exclusive negotiations with retail store operator Franchise Group Inc over a potential sale of the department store chain, valuing it at nearly $8 billion, the companies said late on Monday. Read More
The yen extended declines to a 20-year low against the dollar. The Japanese currency has been sliding this year as the dovish Bank of Japan keeps local yields anchored while US equivalents surge on rising interest-rate expectations. Ruth Carson reports on Bloomberg Television.
SINGAPORE — Chicago corn futures slid on Tuesday, with better-than-expected condition of the U.S. crop easing concerns over world supplies and adding pressure on prices. Read More
Kerry Craig, global market strategist at JPMorgan Asset Management, discusses Reserve Bank of Australia’s policy, its implications for the economy and markets. He also discusses the outlook for China’s economy and financial assets. He speaks with Haidi Stroud-Watts and Shery Ahn on “Bloomberg Daybreak: Asia.”
(Bloomberg) — The UK should launch an “an all-out national effort” to reduce energy bills using efficiency measures, according to the head of a major business group. Read More
On Bloomberg’s ‘Balance of Power’ with David Westin, Jason Furman, Harvard Kennedy School professor and former Chair of the a Council of Economic Advisers, on inflation; Frank Luntz, FIL CEO, on the messaging of gun legislation; Jane Harman, Wilson Center Distinguished Fellow & President Emerita, on Russia-Ukraine war.
A former human resources officer at Eli Lilly & Co sued the pharmaceutical company on Monday, alleging she was terminated after pointing out poor manufacturing practices and data falsification involving its blockbuster diabetes drug. Read More
By Shanti Ekambaram In an off-cycle policy review, the Reserve Bank of India (RBI) announced a 40 basis points (bps) increase in repo rate to 4.40% on May 4, 2022, in response to the sharp and sustained increase in inflation print. The central bank had also changed its narrative to inflation control and normalising liquidity […]