Bloomberg Business

LVMH shares tumbled after the world’s largest luxury group reported softer sales growth in the third quarter — more evidence the post-pandemic boom in high-end goods is losing steam.

US Treasury Secretary Janet Yellen gave her strongest backing yet for a European Union plan to impose a windfall tax on profits generated by frozen Russian sovereign assets, offering a key endorsement to a measure that would raise fresh funds to support Ukraine.

One of the biggest donors to the Conservative Party is seeing his global manufacturing fortune flourish at the same time that his finances are reportedly under scrutiny by UK tax officials.

India is expected to impose restrictions on its sugar exports after dry weather parched cane crops in the world’s second-biggest grower, a move that will tighten global supplies of the sweetener.

The Philippine Statistics Authority said it has launched an investigation into an alleged data leak and is assessing what personal data may have been compromised.

Emerging-market stocks just crossed another grim milestone: They’ve tumbled to the lowest level in 36 years relative to US equities.

SBB, the landlord at the center of Sweden’s property crisis, fell as much as 10.2% in Stockholm after analysts at Goldman Sachs slashed their target price on the company.

Deutsche Bank AG squared off against the US parent company of Lehman Brothers in a London court this week, hoping to squeeze more money from obscure notes issued by the long-dead bank’s UK arm.

French lender BNP Paribas SA has hired two bankers who previously worked at Credit Suisse to join its credit desks.

(Bloomberg) — Turkish President Recep Tayyip Erdogan criticized the US for sending a group of warships to the eastern Mediterranean to show support for Israel after this weekend’s deadly attack by Palestinian militant group Hamas.