Bloomberg Business

The panel which oversees the credit-default swap market has ruled that UBS Group AG will become the reference entity for Credit Suisse Group AG’s contracts.

Belgian telecommunications operator Proximus Group has agreed to buy a majority stake in Indian cloud communication service provider Route Mobile Ltd. for 59.22 billion rupees ($721 million) to gain a foothold into high-growth markets.

Thailand is readying an incentive package to encourage battery makers to set up manufacturing plants. 

Oil bulls moving back into the market are making a big mistake, according to one of Wall Street’s most prominent forecasters.

UK property sellers cut their asking prices for the first time this year, an indication that a sharp jump in borrowing costs is cutting into what buyers can afford.

China’s disappointing economic growth figures prompted several economists to downgrade their forecasts for the year, citing major weaknesses in the recovery and Beijing’s relatively muted stimulus response.

After the warmest June since records began in 1850, a new analysis concludes that there’s now an 81% chance this year will be the warmest on record.

The biggest US banks are facing tougher competition for deposits and shelling out more to keep them. That doesn’t bode well for their smaller peers.

The European Central Bank will boost borrowing costs to a peak of 4% in September, according to a survey of economists who’re becoming more hawkish as inflation proves to be stubborn.