Argentina’s central bank is restricting access to dollars at the official exchange rate until President Javier Milei’s administration announces the first measures of a promised shock-therapy program aimed at eradicating inflation.
General Atlantic, the investment firm whose bets have included Facebook Inc. and Airbnb Inc., has confidentially filed for an initial public offering, people familiar with the matter said.
Occidental Petroleum Corp. agreed to acquire Texas shale driller CrownRock LP in a cash-and-stock deal valued at about $10.8 billion as consolidation heats up in North America’s most-prolific oil basin.
Ukraine’s President Volodymyr Zelenskiy warned that US congressional gridlock over military aid only benefits Russian President Vladimir Putin, as he began a hastily planned trip to Washington that will help determine whether his country has the weapons it needs to keep fighting Russia.
Manulife Financial Corp. agreed to reinsure C$13 billion ($10 billion) of reserves with KKR & Co.’s Global Atlantic Financial Group and its partners in a deal the company said is the largest long-term care reinsurance transaction in the industry’s history.
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