Bloomberg Colombia’s central bank slowed the pace of monetary tightening and signalled that interest rate rises are nearing an end as the economy’s growth outlook dims. The bank lifted its benchmark rate by three quarters of a percentage point to 12.75%, governor Leonardo Villar told reporters after the meeting. Five of the seven-member board voted for the move, while ...

Bloomberg American Express Co. (AmEx) jumped the most in more than two years after the credit-card giant predicted that revenue and earnings for this year will surge well above what analysts estimated. While total volume on AmEx’s network increased less than expected in the final three months of last year, the record number of new cardholders AmEx added in 2022 should ...

  Bloomberg As layoffs at technology and finance firms in the US have piled up, their executives have talked at length about the need to cut costs in a challenging economic environment. At some of the biggest firms, the same austerity measures are also being applied in the C-suite. David Solomon, the chief executive officer of Goldman Sachs Group Inc., ...