Global markets are primed for a relief rally after US negotiators agreed to a tentative deal over the weekend to resolve a debt crisis that has battered risk sentiment in recent weeks.
Boeing Co. is working to land its second major deal in Saudi Arabia this year, with the US planemaker in talks to sell at least 150 of its 737 Max jetliners to startup Riyadh Air, according to people familiar with the matter.
The cap on government spending in Washington’s deal to raise the federal debt limit adds a fresh headwind to a US economy already burdened by the highest interest rates in decades and reduced access to credit.
South Africa’s Eskom Holdings SOC Ltd. will cut 5,000 megawatts of power from the grid from 4 p.m. Sunday until 5 a.m. on Monday, instead of 4,000 megawatts, it said in a statement on Twitter.
Walt Disney Co. estimated that the new live-action remake of its animated 1989 hit The Little Mermaid would take in $117.5 million in ticket sales domestically over the four-day Memorial Day weekend.
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