Andrew Sheets, global head of corporate credit research at Morgan Stanley, says investors need to prepare for “rockiness” in the third quarter and the inflation impact of tariffs in the second half of the year. (Source: Bloomberg)

US Treasuries fell for a second day as investors trimmed exposure to haven assets on optimism that the US will reach more trade deals after clinching a pact with Japan.

Torrent Power Ltd. is in talks to buy the thermal business unit of Larsen & Toubro Ltd. for about $1 billion including debt, according to people with knowledge of the matter.

Cemex SAB’s earnings surpassed expectations as the Mexican cement maker benefited from a rebound in Europe that cushioned a weaker performance in the US.

The amount of Chinese yuan traded versus the US dollar soared in London during April’s market ructions, outstripping the increase for other major currency pairs, according to Bank of England data.

Vodafone Group Plc is starting to reverse a steady decline in Germany, its largest market, after heavy competition and a regulatory change cost the company millions of customers.

STMicroelectronics NV shares plunged the most in a year after the chipmaker posted a surprise loss from restructuring charges and a gave a weaker-than-expected forecast for this quarter.

Deep Isolation raised $33 million to conduct a key test of its system to stash radioactive material underground.

Alphabet Inc. said demand for artificial intelligence products boosted quarterly sales, and now requires an extreme increase in capital spending — heightening pressure on the company to justify the cost of keeping up in the AI race.

Reduced tariffs on US car imports, as outlined in President Donald Trump’s trade pact with Japan, will ease but not completely lift the burden on the nation’s automakers, Mitsubishi Motors Corp. said, as it unveiled dismal first-quarter earnings that missed estimates.