Credit Agricole SA’s regional-bank holders are planning to purchase as much as €1 billion ($1.1 billion) of the lender’s shares as the company reported a surge in profit for the second-quarter.
Czech billionaire Daniel Kretinsky will not increase his stake in Atos SE’s big data and cybersecurity business, Eviden, beyond 7.5%, and won’t have any “active role” in the company, his spokesperson said in response to concerns from French lawmakers.
Bond traders are on guard for a further five-basis-points increase in benchmark Japanese bond yields amid speculation that it would trigger another foray into the market by the central bank.
In the days after Credit Suisse Group AG’s AT1s were wiped out, speculation was rife that the market was broken.
As Prime Minister Narendra Modi prepares to welcome Group of 20 leaders next month, some of the worst religious violence in years threatens to taint his efforts to showcase India as a strategic counterweight and investment alternative to China.
Swiss Re AG said first-half net income rose more than ninefold to $1.4 billion from a year earlier, driven by contained natural catastrophe losses and a rebound in its life and health business to pre-pandemic levels.
Credit Agricole SA will acquire a majority stake in Belgian asset and wealth manager Degroof Petercam, as the French lender looks to boost its wealth management operations.
The frenzy surrounding all things EV has transformed a sleepy South Korean stock into one of the world’s best performing large and mid-cap names. But headwinds are emerging.
Beleaguered ed-tech firm Byju’s missed yet another target date set by its creditors to amend terms of a $1.2 billion debt, adding fresh challenges to the Indian borrower’s efforts to resolve disputes around the loan.
China’s financial regulator asked some banks to report additional foreign-exchange transaction data on top of its routine quarterly requests, according to people familiar with the matter, adding to earlier surveys on currency trading and capital flows.
