Russia’s commodity export hub of Novorossiysk in the Black Sea was closed for several hours on Friday after a Ukrainian drone attack on a naval vessel, the first time that operations at the key shipment point for oil and grains have been disrupted by the war.
Nikola Corp. is tapping a former General Motors Co. vice chairman to serve as its chief executive officer, replacing the current CEO after less than a year of running the electric truck maker.
Argentina is paying the International Monetary Fund with help from Qatar, the latest creative measure by the South American nation to honor its obligations with the IMF as foreign reserves stand near record lows amid a deepening economic crisis.
Niger’s military junta has ended several defense cooperation agreements with France, adding to uncertainty about Paris’s continued military engagement in the Sahel region.
Coinbase Global Inc. asked a judge to dismiss a Securities and Exchange Commission lawsuit against it, pointing to a recent decision by another judge who ruled that Ripple Labs’ XRP was not a security when sold on exchanges.
Wages for US oil workers dropped for a second consecutive month as weaker commodity prices trigger a slowdown in the shale patch.
The judge overseeing the bankruptcy of Puerto Rico’s power utility granted it an additional week — for the second time in the past 10 days — to reach a deal with bondholders as talks are progressing.
Novelis Inc., the largest maker of flat-rolled aluminum products used in everything from automobiles to beverage cans and airplanes, said demand for the metal heading into 2024 is stronger than it expected three to four months ago.
Steve Schwarzman said Fitch Ratings’ downgrade of the US long-term credit rating was appropriate after multiple debt-limit standoffs.
Morgan Stanley said it’s more than two thirds of the way towards achieving its target to finance $1 trillion of low carbon and sustainability investments by the end of the decade.
