Bloomberg Congress should extend the US government’s borrowing authority before lawmakers depart for their traditional August vacation, the White House said, as the Trump administration sought to ratchet up pressure on Capitol Hill to avoid an unprecedented default on the national debt. “We’re looking for before they adjourn for August recess,” White House legislative affairs director Marc Short told reporters …

Bloomberg BHP Billiton Ltd.’s board is being targeted for a sweeping overhaul by Tribeca Global Natural Resources Fund, opening a potential new front in the burgeoning activist campaign against the world’s biggest mining company. The Sydney-based hedge fund, which last month joined billionaire Paul Singer’s Elliott Management Corp. in calling for changes aimed at shifting strategy at BHP, believes about …

Bloomberg Two miles southeast of London’s Cheesegrater tower, which sold last month for a record price, there’s proof that all is not calm in the city’s property market. At Canada Water, developer British Land Co., which also owned half of the skyscraper, has seen the value of land slashed by almost 11 percent as investors lose their appetite for riskier …