UBS Group AG is set to dodge one of the long list of legal problems it inherited from its takeover of Credit Suisse, as Geneva’s top financial-crimes prosecutor prepares to shut down a money-laundering probe targeting the failed bank.
Insurers could scale back a £100 billion ($126 billion) pledge to invest in infrastructure and startups if the British government pushes pension funds to consolidate in its wide-ranging reforms of the sector.
Binance Holdings Ltd. will lose access to euro-denominated bank transfers to and from its cryptocurrency exchange via banking partner Paysafe Ltd., the latest in a recent string of blows to its business in Europe.
The world’s dealmakers are roughly $1 trillion down in one of the worst years for takeovers and stock market listings in a decade.
Renault SA pushed out the likely timing for a listing of its electric-vehicle arm following investor feedback while sweetening the wait upgrading its earnings outlook for the year.
The alleged Chinese spy balloon that floated over the continental US earlier this year was equipped with American-made surveillance gear, the Wall Street Journal reported, citing anonymous sources.
Casino Guichard Perrachon SA‘s stock fell to a record low after it warned its shareholders will be “massively diluted” as part of a broad restructuring plan that will also see Jean-Charles Naouri’s Rallye SA lose control of the firm.
Wind turbines make money when they spin. But when they shake, it can cost billions.
The Panama Canal will likely keep restrictions on shippers in place this year as a drought has caused water levels at its main lake to drop to a four-year low, leading to a line of ships waiting to transit the waterway.
(Bloomberg) — Federal Reserve Chair Jerome Powell said at least two interest-rate increases are likely necessary this year to bring the inflation rate down to the US central bank’s 2% target and that acting at consecutive policy meetings isn’t “off the table.”
