Lazard Ltd. is planning to close multiple offices in Latin America to cut costs amid a slowdown in the merger-and-acquisition advisory business, according to people familiar with the matter.
Suriname reached an agreement in principle with a key group of bond investors to restructure $675 million of defaulted global debt, debuting an oil-linked recovery tool to cap more than three years of negotiations.
Colombia plans to raise its deficit target for 2023 as the price of oil, its main export, trends lower, according to a senior Finance Ministry official.
Brazil’s former President Jair Bolsonaro denied wrongdoing after federal police searched his Brasilia home Wednesday morning in a case about alleged alteration of Covid-19 vaccination records.
A top Wall Street regulator is making moves that could lead to the ouster of its inspector general after an independent probe found he had disclosed the identities of whistleblowers, wasted money and disparaged agency employees.
DoubleLine Capital’s Jeffrey Gundlach said there’s an increased likelihood of a recession and the Federal Reserve likely won’t lift interest rates again following its latest increase.
US bank stocks slid into the close on Wednesday following the Federal Reserve decision, extending Tuesday’s deep selloff after the failure of troubled lender First Republic Bank prompted investors to renew their scrutiny on the sector’s prospects.
Hindenburg Research is targeting Carl Icahn’s investment firm as its latest victim, but short-sellers haven’t made much off the company’s $6.3 billion wipeout largely because Wall Street is so reluctant to bet against the billionaire.
The selloff in Icahn Enterprises LP triggered by a short report deepened on Wednesday, sending the stock to its lowest since December 2010.
A federal judge ordered a new round of settlement talks between Johnson & Johnson and lawyers who spurned the company’s offer to pay $8.9 billion to end tens of thousands of cancer claims filed by people who used the company’s popular baby powder.
