The world’s biggest ocean friendly debt swap is coming together in Ecuador, with Credit Suisse Group AG offering a yield of less than 6% on a new bond, according to people familiar with the matter.
The Biden administration is preparing a $500 million weapons package for Taiwan, using a fast-track authority that it has relied on to speed arms to Ukraine, people familiar with the matter said.
Estée Lauder Cos. is lagging behind its rivals as the reopening of China boosts the luxury-retail outlook. There’s a familiar culprit: supply-chain troubles.
Warner Bros. Discovery Inc. reported a surprise profit in streaming TV as its legacy cable networks continued to lose advertising and viewers.
Federal Reserve Bank of St Louis President James Bullard said policymakers will probably have to push rates higher to cool inflation, but said he would wait and see what the data show before deciding what move to support in June.
US bank lending increased for a fourth straight week, suggesting credit conditions remain relatively stable despite elevated concerns about regional lenders.
Braskem SA, one of the world’s top petrochemicals makers, received an offer of as much as 37.5 billion reais ($7.6 billion) from Abu Dhabi National Oil Co. and Apollo Global Management, according to people familiar with the matter.
Steep spending cuts contained in a House Republican budget bill would dramatically exacerbate a shortage of US air-traffic controllers that has already led to a reduction in flights to New York this summer, officials said Friday.
A big short squeeze in bank stocks punctuated a week of resurgent volatility across asset classes, with anxiety over efforts to stanch turmoil in the financial system leaving no market untouched.
The Securities and Exchange Commission is investigating the conduct of First Republic Bank executives before the government seizure and sale of the lender to JPMorgan Chase & Co., according to two people familiar with the matter.
