PARAMARIBO / AP Suriname has landed a $478 million loan from the International Monetary Fund (IMF) to boost an economic reform programme amid a drop in commodity prices, becoming the second South American country to seek such a bailout in nearly a decade. The IMF said it will immediately disburse $81 million as part of a two-year deal announced ...

  NEW YORK / AP Splitting the bill for those pizzas you shared with your buddies or that utility bill that is suddenly due is going to get easier and faster even if you don’t all use the same bank. JPMorgan Chase, Wells Fargo and other big banks are upgrading their online payment services to let customers make instant transfers ...

Bloomberg Banca Carige SpA, the Italian lender working on a new business plan to meet demands of European regulators, ruled out raising additional capital to shore up its finances, denying a report published by la Repubblica. Suggestions that the lender is considering raising as much as 400 million euros ($445 million) as part of its business plan are groundless, the ...

  Bloomberg Scott Rechler, chief executive officer of RXR Realty LLC, is stepping down as vice chairman of the Port Authority of New York and New Jersey after almost five turbulent years as New York Governor Andrew Cuomo’s top appointee at the agency. Rechler, 48, will be replaced by Steven M. Cohen, who formerly served as Cuomo’s senior-most adviser. Rechler ...

  Bloomberg New York REIT Inc. shares had their biggest drop since they began trading more than two years ago after analysts questioned whether the planned sale of the company to closely held JBG Cos. is in the best interest of investors. “The jury is out and New York REIT’s board owes its shareholders a lot more transparency quantitatively why ...

  Bloomberg In 1900, two years before he would be named the president of American Radiator (the predecessor to American Standard), Clarence Wolley built a Tuscan-style estate in Greenwich, Conn. Now its latest owners, Andrew and Judith Ban, entrepreneurs who founded the wholesale jewelry line Leslie’s Jewelry, are putting the house on the market for $12.995 million after living in ...

  Bloomberg China City Construction Holding Group Co., whose recent shareholder change triggered early redemption of its debt, will buy back its 2.5 billion yuan ($382 million) offshore yuan bond before maturity on June 20. Its 2.5 billion yuan notes maturing 2017 jumped 1.5 yuan to 96.3 yuan, the biggest gain since May 9. That leaves it set for the ...

  San Francisco / AFP Seducing hyper-connected “Millennials” poses an increasing challenge for luxury brands, which find their markets slowing as young, skeptical consumers force them to rethink strategies. Goldman Sachs estimates that 92 million Americans are in the Millennial generation — born between the early 1980s and the 2000s — surpassing the famed cohort of postwar Baby Boomers who are ...

  Frankfurt / AFP Airbus chief Tom Enders conceded in a newspaper interview on Sunday that some of the “massive problems” dogging the European airplane manufacturer’s new military transporter, the A400M, were of the group’s own making. “We underestimated the engine problems,” Enders told the Sunday newspaper Bild am Sonntag. At the start of the programme, Airbus had “let itself be ...

  Frankfurt / AFP German airline Lufthansa said on Sunday it will suspend flights to Venezuela from next month owing to the economic crisis in the country. “We have decided to suspend the service between Frankfurt and Caracas for the time being as from June 17,” a company spokesman said. The service, three times a week, was Lufthansa’s only flight between ...