Telecom Italia SpA is restarting efforts to sell a minority stake in its enterprise unit, potentially valued at more than €6 billion ($6.6 billion), as it seeks to reduce debt, according to people familiar with the matter.
Deutsche Bank AG Chief Executive Officer Christian Sewing says he expects trading results to improve in the second half as clients navigate a complex and challenging economy. “There is momentum in the business on the fixed side,” Sewing said in an interview with Bloomberg’s Guy Johnson in London.
Iron ore led metals higher with the key steelmaking material rising from its lowest close in a week and a half as investors mulled what China might do next to bolster its economy.
Investment banks and direct lenders are working on debt packages of up to €1.5 billion ($1.6 billion) to back a potential take-private of Spain’s Applus Services SA, according to people familiar with the matter.
India’s efforts to internationalize the rupee are aimed at easing trade settlements with other nations, rather than contributing to de-dollarization, according to a former Reserve Bank of India official.
Shots from Pfizer Inc. and GSK Plc that prevent respiratory syncytial virus received backing from a panel of US public health advisers for use in older adults, paving the way for the preventives to be used in a vulnerable population.
Search teams looking for a submersible near the wreck of the Titanic called in specialist deep-sea recovery equipment as they clung to hopes the five-man crew is alive and can be saved during the final remaining hours of available air.
Search teams looking for a submersible near the wreck of the Titanic called in specialist deep-sea recovery equipment as they clung to hopes the five-man crew is alive and can be saved during the final remaining hours of available air.
Indonesia is starting trial runs for its first high-speed train, which will connect the capital Jakarta to a neighboring city of Bandung, after years of delays and cost overruns plagued the project.
Goldman Sachs Group Inc. lifted its targets for Japanese stocks after the market soared this year amid expectations for corporate reforms and solid fundamentals relative to overseas markets.
