The European Commission is planning to ban equipment from Chinese vendors Huawei Technologies Co. and ZTE Corp. from its own internal telecommunications networks, people familiar with the matter said.
KKR & Co. sees a structural shift underway in corporate credit with borrowers moving away from leveraged loans as markets struggle to completely thaw after the banking crisis.
After nearly a decade of construction, Los Angeles transit riders will have a direct route to Long Beach and Santa Monica, rectifying a gap in service for commuters traveling through the downtown area.
Patterson-UTI Energy Inc. agreed to acquire NexTier Oilfield Solutions Inc. in an all-stock deal worth $1.9 billion that forms one of the shale sector’s biggest providers of drilling and fracking services.
BlackRock Inc. named John Kelly, a former senior executive at Microsoft Corp. and Starbucks Corp., to oversee public policy and communications as lawmakers continue to scrutinize the world’s largest money manager, especially over ESG investing.
Private credit firms are encroaching on the business of investment banks even further — by increasing their share of lending for take-private deals.
The European Central Bank lifted interest rates by another quarter-point, with President Christine Lagarde describing a further hike in July as “very likely.”
Hertha BSC Verwaltung GmbH has increased the amount of interest it is offering to pay bondholders if they agree to extend the maturity of its notes, after the football club was relegated to Germany’s second division.
European Central Bank officials expect a tough debate next month on whether another interest-rate hike at the following meeting, in September, will be necessary, according to people familiar with their thinking.
The US economy is holding up but losing steam.
