Page 126 - Bon News Today

(Bloomberg) -- Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast. The U.S. jobless rate dropped below 4% to close out 2021 and monthly wage growth accelerated, setting the table for a Federal Reserve interest-rate liftoff as soon as March.

(Bloomberg) -- Just a handful of currencies made headway against the mighty dollar in 2021. Angola’s kwanza is one of them. The currency of Africa’s third-biggest oil producer has strengthened 15% this year, buoyed by surging crude prices, a credit-rating upgrade and a hawkish central bank.

(Bloomberg) -- U.S. consumer borrowing surged in November by the most on record, reflecting outsize increases in credit-card balances and non-revolving loans. Total credit jumped $40 billion from the prior month after a revised $16 billion gain in October, Federal Reserve figures showed Friday.

(Bloomberg) -- A valuation case that has fueled a near-tripling in the Nasdaq 100 Index is coming under increasing pressure, with surging interest rates threatening to dent equities’ there-is-no-alternative argument.

(Bloomberg) -- At least 56 people were killed in air strikes in northern Ethiopia’s Tigray region on Friday, according to aid agencies.

(Bloomberg) -- Carousell Pte, a Singapore-based online classifieds marketplace operator, is in talks to go public through a merger with blank-check company L Catterton Asia Acquisition Corp., according to people familiar with the matter.

(Bloomberg) -- The judge overseeing the reorganization of opioid maker Mallinckrodt Plc questioned the fairness of a plan to protect company executives and others from future lawsuits. Under the company’s $5.

(Bloomberg Opinion) -- Ouch. A record high of 5% for euro area inflation in December will cause a few red faces at the European Central Bank, which had been hoping that 2021 had already seen the peak. It was only a 0.1% uptick from the prior month.

(Bloomberg) -- Hussain Qaragholi, a managing director at Deutsche Bank AG, has left the German lender after more than seven years to join the World Bank’s private sector arm.      Qaragholi, who helped restructure Iraq’s sovereign debt from the Saddam Hussein era while working at Citigroup Inc.

Buyout firms KKR & Co. and PAG are among preliminary bidders for IGT Solutions Pvt, the Indian call-center business being sold by an arm of Apollo Global Management, according to people familiar with the matter.