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CAP

Race for ECB’s No. 2 Job Kicked Off by Euro-Area Finance Chiefs

Euro-area finance ministers formally launched the process to find a successor to European Central Bank Vice President Luis de Guindos, kicking off a two-year revamp of the institution’s Executive Board.

Euro-area finance ministers formally launched the process to find a successor to European Central Bank Vice President Luis de Guindos, kicking off a two-year revamp of the institution’s Executive Board.
Bloomberg MarketsDec 11, 6:22 PM
REG

Bulgaria Faces More Political Turmoil Just as It Adopts the Euro

Bulgaria faces a fresh wave of political turmoil after street protests over rampant corruption led to the resignation of the prime minister just weeks before the country joins the euro.

Bulgaria faces a fresh wave of political turmoil after street protests over rampant corruption led to the resignation of the prime minister just weeks before the country joins the euro.
Bloomberg PoliticsDec 11, 6:15 PM
CAP

Bulgaria Sees Political Turmoil Just as It Adopts Euro

Bulgaria faces a fresh wave of political turmoil after street protests over rampant corruption led to the resignation of the prime minister just weeks before the country joins the euro.

Bulgaria faces a fresh wave of political turmoil after street protests over rampant corruption led to the resignation of the prime minister just weeks before the country joins the euro.
Bloomberg MarketsDec 11, 6:15 PM
CAP

Bulgaria Faces More Political Turmoil Just as It Adopts Euro

Bulgaria faces a fresh wave of political turmoil after street protests over rampant corruption led to the resignation of the prime minister just weeks before the country joins the euro.

Bulgaria faces a fresh wave of political turmoil after street protests over rampant corruption led to the resignation of the prime minister just weeks before the country joins the euro.
Bloomberg MarketsDec 11, 6:15 PM
REG

Lula Spoke to Maduro About Spiraling US-Venezuelan Tensions

Brazil President Luiz Inacio Lula da Silva spoke by phone with Nicolas Maduro last week as the embattled Venezuelan leader comes under mounting US pressure to step aside.

Brazil President Luiz Inacio Lula da Silva spoke by phone with Nicolas Maduro last week as the embattled Venezuelan leader comes under mounting US pressure to step aside.
Bloomberg PoliticsDec 11, 6:12 PM
REG

Zelenskiy Floats Referendum on Territory as Part of Peace Deal

President Zelenskiy has floated a referendum on territorial control in Ukraine's east as part of a peace plan to end the war.

President Zelenskiy has floated a referendum on territorial control in Ukraine's east as part of a peace plan to end the war. Kyiv is coming under mounting pressure to agree terms, as Alex Morgan explains. (Source: Bloomberg)
Bloomberg PoliticsDec 11, 6:09 PM
REG

Senate Rejects GOP Plan for Health Savings Accounts

A Republican plan to replace expiring Obamacare subsidies with federally funded health savings accounts has been rejected by the Senate.

A Republican plan to replace expiring Obamacare subsidies with federally funded health savings accounts has been rejected by the Senate. The failure of the plan comes before a vote later in the day on a Democratic bill to extend the tax credits that is also expected to fail. Tyler Kendall reports on Bloomberg Television. (Source: Bloomberg)
Bloomberg PoliticsDec 11, 6:03 PM
CAP

First Brands Loan Hits 30 Cents as Fresh Rescue Seen as Critical

Days after First Brands Group collapsed into bankruptcy, Marathon Asset Management founder Bruce Richards laid out a plain case for a rescue loan: “Great company, bad balance sheet.

Days after First Brands Group collapsed into bankruptcy, Marathon Asset Management founder Bruce Richards laid out a plain case for a rescue loan: “Great company, bad balance sheet.”
Bloomberg MarketsDec 11, 5:49 PM
CAP

Where Does the Fed’s Inflation Target Stand Now?

Hello and welcome to the newsletter, a grab bag of daily content from the Odd Lots universe.

Hello and welcome to the newsletter, a grab bag of daily content from the Odd Lots universe. Sometimes it's us, Joe Weisenthal and Tracy Alloway, bringing you our thoughts on the most recent developments in markets, finance and the economy. And sometimes it's contributions from our network of expert guests and sources. Whatever it is, we promise it will always be interesting.
Bloomberg MarketsDec 11, 5:48 PM
CAP

Manhattan Rents Hit Record High as Mamdani Won Mayoral Election

Rents for Manhattan apartments surged to a record high in November, as Zohran Mamdani won the mayoral election in large part due to affordability concerns.

Rents for Manhattan apartments surged to a record high in November, as Zohran Mamdani won the mayoral election in large part due to affordability concerns. New leases were signed at a median of $4,750 in the month, up 13% from a year earlier and 3.3% from October, according to data from appraiser Miller Samuel Inc. and brokerage Douglas Elliman. Bloomberg's Paulina Cachero reports. (Source: Bloomberg)
Bloomberg MarketsDec 11, 5:43 PM
CAP

Prospect of UBS Capital Compromise Sends Stock to 17-Year High

A group of influential Swiss lawmakers proposed watering down the capital demands that the country wants to impose on UBS Group AG, sending shares to a 17-year high as investors bet the initiative will ultimately pave the way for a compromise.

A group of influential Swiss lawmakers proposed watering down the capital demands that the country wants to impose on UBS Group AG, sending shares to a 17-year high as investors bet the initiative will ultimately pave the way for a compromise.
Bloomberg MarketsDec 11, 5:34 PM