Montana Aerospace AG has hired banks for an initial public offering of its energy components unit, which could be valued at about €500 million ($549 million), people with knowledge of the matter said.
CI Financial Corp. was cut to junk by S&P Global Ratings before the credit firm withdrew its ratings at the asset manager’s request.
Pakistan took the crown for Asia’s fastest inflation from Sri Lanka as a weaker currency and rising food and energy costs drove price gains to a record in April.
Norway plans to reach a NATO defense-spending target of 2% of gross domestic product by 2026 as it steps up expenditures after the Russian invasion of Ukraine.
US stock futures slipped, while Treasuries edged higher as investors braced for the Federal Reserve’s policy decision and awaited developments from Washington on the debt limit showdown.
Tesla Inc. raised prices of its two high-volume models in the US and China by small amounts after several rounds of substantial cuts early this year.
A nonprofit organization with financial support from Wall Street heavyweights including Jamie Dimon, Bill Ackman and Dan Loeb is developing a curriculum about hate crimes for New York City public schools.
Nicolai Tangen, chief executive officer of Norway’s $1.4 trillion wealth fund, told a hearing at Oslo’s district court that gender doesn’t influence salary decisions at the organization.
Australia’s central bank signaled further policy tightening ahead after unexpectedly raising interest rates by a quarter-percentage point on Tuesday, sending the currency and bond yields surging.
Uber Technologies Inc. shares surged as much as 11% after the company reported earnings that beat analysts’ estimates, showing that consumers continue to spend more on rides and food takeout despite an uncertain economic outlook.
