Bloomberg Business

Trump Was Booked on Aug. 24; Posted $200,000 Bond

Egypt said the latest talks on Ethiopia’s giant Nile dam ended without a breakthrough, but vowed to press ahead with efforts to reach a binding agreement for filling and operating that it deems essential to safeguarding vital water flows.

Some municipal bonds sold by Puerto Rico’s bankrupt power utility have plunged after a group of investors reached a restructuring deal that would significantly slash the agency’s debt load.

PG&E Corp. said it will likely have to cut power in some parts of Northern California on Wednesday due to a forecast of high winds and dry conditions.

Former President Donald Trump’s proposal to institute a 10% tariff on almost all imports would cost American consumers $300 billion a year, result in the loss of 550,000 US jobs, and cut growth by 0.7%, according to a new analysis from the nonpartisan Tax Foundation.

Foxconn Technology Group lost a bid to kick Lordstown Motors Corp. out of bankruptcy, a win for the troubled electric vehicle maker as it attempts to find a new owner for its business.

Oil edged up alongside equities as thin summer trading left the commodity to follow broader markets.

Some of the country’s largest credit-repair businesses agreed to settle US Consumer Financial Protection Bureau allegations of illegal telemarketing practices for $2.7 billion.

A Manhattan hotel once caught up in the 1MDB scandal was sold to Qatar’s sovereign wealth fund after spending years on the market.

A London-based money manager has just attached an ESG label to a Bitcoin exchange-traded fund, in a move that has environmental experts doing a double take.