Loews Corp. is just a middling stock nowadays, eking out gains that are dwarfed by the market’s high-flyers. Much of this can be chalked up to run-of-the-mill sort of stuff — weakness in one business, soaring costs in another.
Barclays Plc has promoted senior industrials banker Dan Grabos as co-head of its mergers and acquisitions group in the Americas, according to a statement.
The waiting game for some of the riskier emerging-market borrowers is coming to an end.
Singapore property tycoon Ong Beng Seng, who’s ensnared in a corruption probe involving its transport minister, is back in the country.
UniCredit SpA plans to cut an additional €500 million in costs by reducing complexity, in an effort to offset higher-than-expected inflation.
Pathstone, a New Jersey-based registered investment adviser, is buying multifamily office Veritable as it seeks to expand its business catering to the ultra-rich.
In Chile’s clean-energy boom, the best performing dollar debt this year is a power generator that burns the dirtiest of all fuels.
Semiconductor Manufacturing International Corp.’s chairman has resigned about a year after formally assuming his role, marking the latest high-profile departure from a company rocked by US chip sanctions.
Russia seized control of the local subsidiaries of France’s Danone SA and Denmark’s Carlsberg A/S under a decree aimed at companies from “unfriendly” countries.
Nigeria’s central bank slashed the mandatory cash reserve requirement for banks that lend exclusively to companies in a bid to boost the availability of credit and ease borrowing costs.
