Sweden’s biggest banks by market value, SEB AB and Swedbank AB, brushed off concerns about the country’s real estate market as they continued to benefit from rising interest rates in the second quarter.
Mitsubishi UFJ Financial Group Inc. and Morgan Stanley will merge some operations at their Japan-based joint ventures, in the first major reorganization since the two entities were formed more than a decade ago.
Kingspan Group Plc has a agreed to buy a majority stake in German building materials maker Steico SE from founder Udo Schramek.
Billionaire Gautam Adani extolled growth prospects for India and his business empire, slamming a damaging short seller attack against his embattled conglomerate earlier this year.
Gautam Adani has touted plans to build a massive hybrid renewable energy project as he tries to put the controversy over Hindenburg Research’s short-seller report behind him.
Novartis AG raised its profit outlook and announced plans to buy back as much as $15 billion in shares as it prepares to spin off its Sandoz generics unit.
Investors are increasingly betting on a soft landing for the global economy, while big technology stocks are getting even more crowded on the expected boon to profits from artificial intelligence.
A key group of investors in GAM Holding AG said it intends to launch a partial public tender offer of 0.55 Swiss franc per share in cash for the troubled Swiss asset manager, in signs of mounting opposition to a takeover bid by Liontrust Asset Management.
The Swedish fund that got caught up in the US banking crisis this spring reported a first-half loss on an investment portfolio comprising mainly real estate assets.
The Biden administration’s plans to restrict investments in China will be narrowly focused on cutting-edge technology, only new investments, and likely won’t go into effect until next year as the policy grinds through Washington’s bureaucracy.
