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(Bloomberg) -- A former manager at Gunvor Group was found guilty by a Swiss court of bribing public officials to secure oil contracts in Africa, a second win in less than a month for Swiss prosecutors cracking down on corruption in the commodity-trading industry. Most Read from BloombergTrump to Halt NY Congestion Pricing by Terminating ApprovalAirbnb Billionaire Offers Pre-Fab Homes for LA Fire VictimsSorry, Kids: Disney’s New York Headquarters Is for Grown-UpsChild Migrant Watchdog Gutted in D

(Reuters) -St. Louis Federal Reserve President Alberto Musalem on Thursday raised the twin risks of rising inflation expectations and a labor market that weakens alongside rising prices, in remarks that highlighted the potentially difficult choices facing the U.S. central bank. While many of his colleagues say they regard inflation expectations as anchored, Musalem said he was concerned recent data showed they may be rising - a development that might force the Fed onto a more restrictive path. "In the current environment, the stakes are higher than they would be if inflation was at or below target," Musalem said in a speech given before the Economic Club of New York.

Walmart’s stock has been on a tear over the last year.

(Bloomberg) -- Federal Reserve Bank of Atlanta President Raphael Bostic said he expects the US central bank will lower interest rates twice in 2025, though uncertainty around that projection has risen.Most Read from BloombergTrump to Halt NY Congestion Pricing by Terminating ApprovalAirbnb Billionaire Offers Pre-Fab Homes for LA Fire VictimsSorry, Kids: Disney’s New York Headquarters Is for Grown-UpsChild Migrant Watchdog Gutted in DOGE CutsChicago Council Delays $830 Million Bond Vote Amid Scru

Federal Reserve officials are taking note of what they see as rising inflation risks and the uncertain impact of President Donald Trump's trade, immigration and other policies. "Going forward, I consider it is appropriate to hold the federal funds rate in place for some time, given the balance of risks that we face right now," Federal Reserve Governor Adriana Kugler said on Thursday. Inflation still has "some way to go" before reaching the Fed's 2% target, she said, and while the labor market is healthy and the risk of it weakening has diminished, upside risks to inflation remain.

(Bloomberg) -- Nigeria’s central bank paused its steep campaign of monetary tightening, after an overhaul of the data used to calculate inflation showed it had significantly slowed.Most Read from BloombergTrump to Halt NY Congestion Pricing by Terminating ApprovalAirbnb Billionaire Offers Pre-Fab Homes for LA Fire VictimsSorry, Kids: Disney’s New York Headquarters Is for Grown-UpsChild Migrant Watchdog Gutted in DOGE CutsChicago Council Delays $830 Million Bond Vote Amid ScrutinyThe monetary pol

(Bloomberg) -- At least four oil tankers have been hit with explosions so far this year — all of them having visited Russia’s territorial waters in the weeks prior to the blasts happening.Most Read from BloombergTrump to Halt NY Congestion Pricing by Terminating ApprovalSorry, Kids: Disney’s New York Headquarters Is for Grown-UpsAirbnb Billionaire Offers Pre-Fab Homes for LA Fire VictimsChild Migrant Watchdog Gutted in DOGE CutsChicago Council Delays $830 Million Bond Vote Amid ScrutinyNobody ha