Bloomberg Business

Brazil’s Audit Court Is Likely to Put Braskem Sale on Hold

Brazil’s audit court is likely to put the sale of Braskem SA on hold because of an environmental crisis involving the company in the northeastern state of Alagoas, according to a person with knowledge of the matter.

Summers Says Tougher US M&A Rules Seem Like ‘War on Business’

Former Treasury Secretary Lawrence Summers warned that the Biden administration’s crackdown on mergers and acquisitions through a sweeping overhaul of rules the government uses to determine whether deals violate competition law “seems almost like a war on business.”

Altice Co-Founder Has Finished Testifying in Corruption Probe

Armando Pereira, the co-founder and former chief operating officer of telecommunications group Altice, finished testifying on Thursday after being detained in Portugal as part of a sweeping investigation into alleged corruption.

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