Bloomberg FirstEnergy Corp. rose the most in almost a decade after announcing a $2.5 billion equity investment by a group including Elliott Management Corp. As part of the deal, the Akron, Ohio-based utility owner is forming a “restructuring working group” that will seek to minimise the time needed to exit the unregulated power business, according to a statement. The company ...

The International Monetary Fund (IMF) recently raised its forecasts for global economic growth in 2018 and 2019 to 3.9 percent, which would be the fastest pace since 2011. That is good for global equities, of course, but it is particularly bullish for crude oil prices and industrial metals prices. It also means that a wave of monetary tightening is coming ...

Critics of Bitcoin often argue that it’s useless as a means of payment, one of the key elements of any successful currency. That’s not quite right, and likely to become less so. First, a reminder on how Bitcoin works. If I want to send someone some Bitcoin, I simply broadcast my intention to the network. I then wait for the ...