S&P Global Inc.’s surprise decision to stop providing ESG scores alongside bond-issuer assessments has created a divide at the top of the credit-ratings market, as Moody’s Investors Service and Fitch Ratings say they won’t follow suit.
Furniture retailer Big Lots Stores Inc. is working with AlixPartners LLP for operational help as the company looks to tackle costs amid shrinking revenue, according to people familiar with the situation.
Credito Real warned the payroll lender plans to terminate an agreement with creditors to file a prepackaged bankruptcy in Mexican courts unless other legal challenges are withdrawn, according to court documents.
Hawaiian Electric Industries, which supplies roughly 95% of the state’s residents with power, traces its roots back to 1891, just a decade after King Kalakaua met Thomas Edison to see the incandescent light bulb. Now, the utility is facing what’s shaping up to be the biggest-ever test over its future.
Brazil’s state-controlled oil company Petroleo Brasileiro SA jacked up domestic fuel prices to reduce a cost gap with international markets, a move that is likely to speed up inflation while pleasing investors.
On February 25, 1985, Federal Bureau of Investigation agents fanned out across New York to arrest the heads of the city’s five Mafia families on charges brought by an ambitious young federal prosecutor.
Nigeria will suspend raising gasoline prices even as crude rises in a bid to slow accelerating inflation.
European natural gas futures spiked for the second time in less than a week, with market tensions running high over the possibility of strikes in Australia that could severely tighten the global market.
The United Steelworkers are making it clear that the union exclusively supports Cleveland-Cliffs Inc.’s bid to buy United States Steel Corp.
Gabon has completed a $500 million debt-for-nature swap that helps to refinance a small portion of its debt and locks in funds for marine conservation.
