Bloomberg Business

Exxon in Talks to Pay More Than $250 a Share for Pioneer

Exxon Mobil Corp. is close to a $58 billion deal to buy Pioneer Natural Resources Co., underpinning a bet that oil and gas will remain central to the world’s energy mix for decades no matter what path nations take toward a lower-carbon future.

China Raises Concerns Over Former Australia PM’s Taiwan Trip

China has conveyed its disapproval to Australia over a visit to Taiwan by former Prime Minister Scott Morrison, according to a Beijing diplomat, with the trip threatening to undermine efforts by both countries to improve relations ahead of a state visit later this year.

Citigroup Australia Chief Expects More IPOs With Policy Clarity

Clearer messaging on central bank policy in the coming months will boost the market for initial public offerings in 2024 as confidence for companies and investors builds, according to Citigroup Inc.’s head of Australia and New Zealand.

MGM Hackers Waited for Days Before Issuing Their Ransom Demands

MGM Resorts International Chief Executive Officer Bill Hornbuckle chose not pay a ransom to hackers who broke into his casino chain’s computer system because they didn’t ask for money until well after the company discovered the attack.

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