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BlackRock (BLK) CEO Larry Fink orchestrated the Panama Canal port takeover that made President Trump happy, but the cost may be an angry Xi Jinping.The Wall Street Journal reported this week that the Chinese leader is not happy with a $22.8 billion deal giving a BlackRock-led investment coalition control of two key ports on either end of the vital shipping lane currently owned by Hong Kong congl..

(Bloomberg) -- Chile’s central bank held its key interest rate unchanged for the second straight meeting with policymakers signaling they’re in no rush to adjust borrowing costs as global economic uncertainty worsens.Most Read from Bloomberg   Policymakers led by Rosanna Costa voted unanimously to keep borrowing costs steady at 5% late on Friday, as expected by all analysts in a Bloomberg survey..

(Bloomberg) -- Australia’s Treasurer Jim Chalmers warned the impact of the new US administration’s policies will have a “seismic” impact on the global economy, ahead of his fourth national budget due to be handed down on Tuesday.Most Read from Bloomberg Chalmers will unveil new cost-of-living assistance for Australians in the budget on Tuesday night, with subsidies on electricity bills to be ext..

Bank of America CEO Brian Moynihan said Wednesday that consumers are continuing to spend and economic growth should be solid though slower this year.Despite surveys indicating that confidence is at a nearly three-year low amid increasing worries about inflation, Moynihan told CNBC that spending data shows consumers are still shelling out money, though shifting away from goods and into services. ..

The “good ship Transitory,” despite an ominous record, appears ready to sail again for the Federal Reserve.Economic projections the central bank released Wednesday indicate that while officials see inflation moving up this year more rapidly than previously expected, they also expect the trend to be short-lived. The outlook spurred talk again about “transitory” inflation that caused a major polic..

After largely staying out of the Federal Reserve’s business during his first two months in office, President Donald Trump is pushing the central bank to cut interest rates as a backstop for his tariff plans.In a post Wednesday night on Truth Social, Trump encouraged Chair Jerome Powell and his colleagues to ease policy as the administration enters the next phase of its aggressive trade policy. “..

Shares of Accenture slid Thursday after the consulting firm said efforts to tighten federal spending have begun to weigh on its revenues.Shares tumbled 7.3% after Accenture’s chief executive officer said in a fiscal second-quarter earnings call that the company’s Federal Services business has lost contracts with the U.S. government after recent reviews. “Federal represented approximately 8% of o..