Investors including Allianz SE and Abu Dhabi’s sovereign wealth fund, already suing Norway’s government in a gas-tariff dispute, are petitioning for tax relief to cut costs of a natural gas terminal and pipeline.
Toll Brothers Inc., the largest U.S. luxury-home builder, reported fiscal first-quarter earnings that beat analysts’ estimates as move-up buyers continued to make purchases at a time when the housing market is cooling.
A U.S. Senate committee report will reprimand Credit Suisse Group AG for helping American clients dodge taxes and will criticize the Justice Department for not pursuing offshore banks aggressively enough, according to two people with knowledge of the findings.
China’s yuan tumbled the most in more than three years on speculation the central bank wants an end to the currency’s steady appreciation to ward off speculators before a possible widening of the trading band.
Oil Search Ltd., Exxon Mobil Corp.’s partner in a $19 billion liquefied natural gas venture in Papua New Guinea, halted its shares before a statement about a material acquisition, possibly a stake in a new project.
UBS AG, trying to reprise its success in limiting fines in a probe of interest-rate rigging, is seeking immunity in the U.S. and European Union as part of the global investigation of currency markets, two people with knowledge of the case said.
Macquarie Group Ltd., Australia’s biggest investment bank, has boosted its funding with short-term notes to the highest share since the crisis of 2008, increasing its exposure to any disruptions in money-markets.