Bloomberg Exxon Mobil Corp., Dow Chemical Co. and OMV AG lost a court challenge to a European Union decision to cut the number of free emission permits they receive under the region’s carbon market, the bloc’s highest court ruled on Thursday. But the EU Court of Justice in Luxembourg delayed the implementation of its ruling by 10 months so …

  Bloomberg Federal Reserve policy makers left open the door to raising interest rates in June by nodding to improvement in global financial markets and downplaying recent weakness in the U.S. economy. The Federal Open Market Committee omitted previous language that “global economic and financial developments continue to pose risks,” instead saying officials will “closely monitor” the world situation, according …

  Bloomberg Mexican corporate profits are exceeding analyst estimates by the most in at least two years as consumer spending buoys Latin America’s second-biggest economy. Grupo Bimbo SAB, the world’s largest bread maker, and Wal-Mart de Mexico SAB, the nation’s biggest retailer, were among the companies that posted first-quarter earnings that beat forecasts as local shoppers boost revenue. Companies in …