Exxon Mobil Corp.’s planned takeover of one of the vanguards of the shale revolution signals Big Oil’s tightening grip on the sector that vaulted the US to the top of global oil producers.
Companies based in the US are on track to halve the amount of ESG-labeled debt they issue this year, marking a clear departure from the trend on the other side of the Atlantic, according to an analysis by Goldman Sachs Group Inc.
Italy began the process of selling Banca Monte dei Paschi di Siena SpA by hiring advisers as Prime Minister Giorgia Meloni seeks to maximize the value of the state’s controlling stake.
Bank of America Corp., the largest underwriter of state and local bonds, is forecasting $400 billion of the debt will be sold next year, up slightly from this year.
The decision by Mexican President Andres Manuel Lopez Obrador’s government to unilaterally change the way airports charge service fees has made a billionaire behind one operator the biggest immediate loser.
New York City is facing another round of heavy rain that could trigger flash flooding as the remnants of Tropical Storm Philippe merge with a weather front coming out of the west.
The European Union’s longstanding failure to agree on how to deal with migration threatens to disrupt the rest of its business.
This year’s biggest real estate loser is flipping the script when it comes to performance — but it’s still on shaky ground.
Southern Co. has agreed to pay at least $413 million to settle a dispute over construction costs at the Vogtle nuclear plant in Georgia after the budget ballooned. It also said the site’s last reactor is slated to go into service in 2024 after discovering a fault in coolant pump.
Former Treasury Secretary Lawrence Summers said the surge in US job growth last month is “great news” for now but also suggests the Federal Reserve’s interest-rate hikes aren’t working as they used to, raising the danger of a hard landing for the economy.
