Bloomberg Business

Bayer AG reduced its sales forecasts for its crop science and pharma divisions this year, accounting for the German company’s profit warning last month.

Private equity firm Advent International has acquired a majority stake in Australian fashion brand Zimmermann from Style Capital.

LNG Japan Corp. agreed a deal worth as much as $880 million for a stake in a giant natural gas project off Australia, a new step to secure supply of a fossil fuel the nation expects to retain a key role in its energy mix.

Italian Prime Minister Giorgia Meloni’s cabinet approved a surprise tax on the “extra profits” of banks this year.

China’s trade plunged in July as slowing global demand clouded the outlook for exports, while domestic pressures weighed on imports in a hit to the economic recovery.

India’s aspirations to become a major steelmaker will help lift metallurgical coal prices and offset concerns about China’s sluggish recovery, according to an Australian producer.

A Russian court froze shares of companies worth around $36 million owned by Goldman Sachs Group Inc. after Otkritie Bank claimed it refused to honor a swap contract due to sanctions over the war in Ukraine.

Xavier Chollet runs a clean-energy fund that’s beating the market with bets that might not be immediately associated with green investing: Semiconductors.