Carlyle’s stalled Lukoil deal leaves refineries idle in tight market
Proposed agreement has been stuck in the US government approval process for almost 10 months even as fuel prices have soared
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VW ejected from European blue-chip index in blow to crisis-hit carmaker
German company falls out of Euro Stoxx 50 after its shares dip to 16-year low
Nik Storonsky’s plan for Revolut: a global bank with ‘effectively zero risk’
Russian-born founder and CEO talks to the FT about building Europe’s most valuable start-up
Wall Street expects US to issue about $1tn of short-term debt as borrowing costs climb
Growing reliance on Treasury bills comes as Scott Bessent seeks to curb rise in long-term rates
Chevron plans drilling spree as it overhauls oil and gas search
Kevin McLachlan hopes to replicate the exploration turnaround he achieved at TotalEnergies
Trump’s regulatory rollback puts $400mn in US audit fees at risk
Accounting firms are fighting SEC proposal to loosen the post-Enron rules that have handed them a revenue bonanza