Bloomberg Business

Six Wall Street banks are being pressed by a group of shareholders to move faster on reducing their financing of fossil fuels to meet global climate goals.

The popping of the bubble in US stocks is far from over and investors shouldn’t get too excited about a strong start to the year for the market, warns Jeremy Grantham, the co-founder and long-term investment strategist of GMO.

Eli Lilly & Co. will spend $450 million to expand a manufacturing site in North Carolina as demand grows for its diabetes drug that also has the potential to treat obesity.

The expected slowdown at Microsoft Corp.’s cloud-computing business is coming as a disappointment to some investors who had counted on the software giant to be relatively resistant to a potential recession.

Holders of bonds issued by supermarket group Asda are demanding more details about a mooted takeover of EG Group Ltd.’s UK petrol operations, a deal that would saddle the grocer with more debt and could lead to ratings downgrades.

General Electric Co. continues to grapple with lingering issues in its renewable energy business, even as the slimmed-down manufacturer says strong demand for air travel will help boost overall profits this year.

African startups more than doubled the amount of debt they raised last year, a surge that may continue as an economic slowdown makes equity funding more expensive and unsustainable over the long term.

Israel’s NewMed Energy LP said its proposed merger with Capricorn Energy Plc is now less likely to proceed after the UK company ditched a slew of board members and postponed a meeting to approve the deal.

Finland for the first time opened the door to potentially decoupling its NATO application from that of Sweden, after its neighbor encountered fresh resistance from Turkish President Recep Tayyip Erdogan.

Shareholder activism is poised to grow in Canada this year, as investors turn up the pressure on management teams for better returns after a tumultuous year in markets, according to a top corporate lawyer.