Indian conglomerate Nirma Ltd. and PAG-backed Sekhmet Pharmaventures are among the shortlisted bidders for a controlling stake in Glenmark Life Sciences Ltd., according to people familiar with the matter.
Burberry Group Plc sales growth suffered from a decline in sales from the Americas and a smaller-than-expected rebound in China. Revenue from the Americas dropped 8% at comparable stores on a constant exchange rate basis in the 13 weeks ended July 1, the British company said Friday. Bloomberg Intelligence’s Deborah Aitken has the details.
Sasol Ltd. was castigated by South Africa’s national air quality officer for failing to cut pollution as its bid for an exemption to sulfur dioxide emission limits at a giant petrochemical complex was denied.
Worries around debt repayments and stretched finances in billionaire Anil Agarwal’s Vedanta Resources Ltd. are once again in focus, underscored by losses in some bonds of the commodity giant.
Chinese President Xi Jinping finally appears to be extending an olive branch to private businesses battered in recent years by regulatory crackdowns and the world’s most restrictive Covid-19 policies.
One of Michele Bullock’s early tasks as new Australian central bank chief will be to drive an overhaul of the institution — including fewer interest-rate meetings and regular press conferences — while also tackling uncomfortably high inflation.
The yuan is rebounding from its latest bout of weakness, as China moves to protect economic growth and a historic US monetary tightening campaign nears an end.
Signs are emerging that Japanese retail investors are getting on the equity bandwagon after having largely missed out on a historic rally.
For Stephen Jen, the famous dollar prognosticator, the Federal Reserve looks all set to win its war on inflation without tipping the US economy into a nasty recession.
It was a day that started with something of a bang: the charismatic Alex Mashinsky, former chief executive officer of bankrupt crypto lender Celsius Network under arrest and charged with fraud.
