Rio de Janeiro’s electric company says so many people are stealing power in the city’s slums that it has been pushed into default, causing a massive selloff and attracting a veteran buyer of distressed Brazilian corporations.
Benchmark rates for oil-carrying supertankers have collapsed as OPEC+ follows through on a surprise vow to slash supply to shore up prices, reducing volumes shipped across the world’s oceans.
Chicago’s $6 billion Lincoln Yards mega development is in talks to receive new financing after delays in getting approvals from the city set the project behind schedule.
Apollo Global Management Inc. expects commitments for its 10th flagship private equity fund to reach the “low $20 billion range,” falling short of the buyout giant’s earlier $25 billion target.
Israel readied for violent escalation on all fronts after killing three militant Palestinian leaders and members of their families in the Gaza Strip and bombing weapons sites there overnight.
The US announced a $1.2 billion package to bolster Ukraine’s air defenses and supply ammunition as President Vladimir Putin reinforced his war aims at a parade marking Russia’s World War II Victory Day holiday.
European refiners are having to pay bumper premiums for denser barrels from the Middle East following big price hikes for cargoes being shipped next month.
Deutsche Bank Supervisory Board Chairman Alexander Wynaendts vowed to put another woman on the lender’s top executive body after the surprise departure of Christiana Riley for Banco Santander SA.
Aramco plans an additional dividend, potentially raising payouts for investors and Saudi Arabia’s government just as weaker oil prices edge the kingdom’s budget into a deficit.
The Federal Trade Commission has been investigating potential antitrust concerns over Tempur Sealy International Inc.’s proposed deal with Mattress Firm Inc. since last year, according to two people familiar with the agency’s probe.
