BLOOMBERG Kroger Co and Albertsons Cos are bracing for a US Federal Trade Commission (FTC) lawsuit over their proposed $24.6 billion tie-up as soon as January as opposition builds against the supermarket mega-deal. Progressive lawmakers and the Teamsters union both urged the antitrust agency to veto the deal after its yearlong probe. The FTC has until January 17 to decide ...

BLOOMBERG European stocks slid, following a weak session in Asia after Federal Reserve officials pushed back against bets of aggressive interest rate cuts next year. The Stoxx Europe 600 index dropped 0.4%, while US stock futures edged higher. The MSCI Asia Pacific Index lost as much as 1.1%, the most since December 5. The dollar was broadly steady while yields ...

BLOOMBERG The rupiah looks poised to weaken heading into 2024, as uncertainty ahead of Indonesia’s national elections in February plays on investors’ minds. The currency may trade around 15,800 a dollar in the first quarter next year, according to BNY Mellon Corp, HSBC Holdings Plc and PT Bank Mandiri. It closed at 15,493 on December 15. Historically, the rupiah has ...