BP Plc Chairman Helge Lund plans to step down as the struggling oil major pivots away from the net zero strategy he championed amid pressure from Elliott Investment Management.
Commerce Secretary Howard Lutnick said that foreign nations will need to address a host of regulatory and other policies limiting imports of American products in order to secure relief from President Donald Trump’s new reciprocal levies.
Izzy Englander’s Millennium Management and Ken Griffin’s Citadel lost money last quarter amid President Donald Trump’s trade wars, even as other hedge funds gained.
Uncertainty about a key vote on South Africa’s budget and what it portends for South Africa’s coalition government triggered a slump in the rand and bonds.
Sterling Bay is being forced to hand over a portion of its $6 billion Lincoln Yards development in Chicago to its lender after years of delays and challenges obtaining long-term financing.