Birkenstock, the German premium footwear brand backed by private-equity firm L Catterton, said on Monday it is seeking a valuation of up to $9.2 billion in its highly anticipated initial public offering (IPO) in New York.
The National Highway Traffic Safety Administration said on Monday it is upgrading and expanding its investigation into 708,000 Ford Motor sport utility vehicles over catastrophic engine failures tied to a faulty valve.
U.S. new vehicle sales likely rose in the third quarter on improving supply and steady demand, but a strike by autoworkers has muddied the outlook for the “Detroit Three” for the rest of the year, analysts said.
Brazilian airline Azul has completed restructuring obligations it had with most of its lessors and equipment manufacturers, part of a broader shake-up that also saw the carrier delay debt maturities and raise additional capital.
Mexican state energy company Pemex has received a settlement worth more than $30 million from Vitol, including a $23 million cash payment, over a graft scandal that halted deals with the Swiss-based trader, documents showed and sources with knowledge of the matter confirmed to Reuters.
Sam Bankman-Fried will likely defend himself at his fraud trial, due to begin on Tuesday, by arguing he did not think the use by his FTX cryptocurrency exchange of customer funds was improper and by challenging the credibility of those who say otherwise.
EU antitrust regulators have not opened a formal investigation into chips used for artificial intelligence, the European Commission said on Monday, days after the French competition authority raided Nvidia for alleged anti-competitive practices.
British finance minister Jeremy Hunt poured cold water on growing calls for tax cuts from within the governing Conservative Party on Monday, saying he could not commit to any “inflationary” reduction before the next election.
Japanese authorities are facing renewed pressure to combat a sustained depreciation in the yen, as investors eye prospects of higher-for-longer U.S. interest rates while the Bank of Japan remains wedded to its super low interest rate policy.
