Bloomberg Business

European allies aim to finalize plans as soon as June to start training Ukrainian pilots on F-16 fighter jets, Denmark’s acting defense minister said, after the US gave its support.

Moelis & Co. is preparing for a rebound in dealmaking once the Federal Reserve stops raising interest rates and there’s more clarity on the US economy.

Peloton Interactive Inc. is revamping its mobile fitness app to offer three different tiers, including an upscale version that will cost $24 a month, in a push to get more money from services.

Hungary’s forint pared losses after the nation’s central bank cut interest rates, calming a slump caused by a split with the European Union over Ukraine.

Traders are more bearish than ever on the Turkish lira on expectations that market forces will eventually overwhelm government exchange controls.

Qatar’s sovereign wealth fund sees growing investment opportunities in the world of private credit, joining the likes of SoftBank Group Corp. and BlackRock Inc. in touting the $1.5 trillion market.

US business activity grew in May by the most in over a year, powered by robust demand for services, while views about the economic outlook brightened.

Bank of America’s Savita Subramanian says the US stock market should stop worrying so much that the current rally is too narrowly focused, and that big tech shares can still do fine if their duration risk is shortened.