The chair of Parliament’s influential energy committee said he wants to investigate a report that Drax Group Plc benefited from a gap in the UK’s green-energy subsidy program that let the firm avoid providing millions in consumer discounts.
Stock market volatility is suddenly back on radar screens as equities drop for a third day in a row. That doesn’t bode well for the performance of markets, which haven’t seen a pullback of 5% or more since March.
Adani Enterprises Ltd.’s quarterly profit rose 44%, buoyed by the its energy and road businesses, as Indian billionaire Gautam Adani’s flagship firm tries to regain momentum following a damaging US short-seller attack earlier this year.
Nearly one in five chief executive officers say they expect the US economy to avoid slipping into a recession, while the majority still anticipate a shallow downturn over the next 12 to 18 months.
Bharti Airtel Ltd. reported lower-than-expected quarterly profit as India’s second-biggest wireless phone operator intensified its 5G network roll out and took a foreign-exchange hit on its Nigerian business.
A series of metal traders are leaving hedge funds — including some fairly new hires — after the wild price swings that drew fresh money into the sector in recent years have evaporated, leaving markets drifting sideways.
Republican donors who oppose Donald Trump risk foiling their efforts by spreading cash across the GOP field rather than focusing on one candidate who could defeat him for the nomination.
Infineon Technologies AG shares plunged after its fourth-quarter margin outlook missed estimates and the German chipmaker said that costs, including new investments and expenses for equipment sitting idle, had increased.
Wellington Management, which handles more than $1.1 trillion of client assets, is opening an office in Dubai, joining a raft of international financial firms expanding to the Middle Eastern business hub.
Deutsche Bank AG’s telecommunications analysts have something to brag about.
