Luxury yacht maker Ferretti SpA’s main shareholder, China’s Weichai Group, is looking to raise about €268 million ($292 million) as part of a Milan stock offering as it pursues a dual listing.
The Swedish krona slumped to a record low against the euro on a combination of global risk aversion and expectations the nation’s central bank is close to wrapping up its yearlong interest-rate hiking cycle.
A new crypto exchange backed by firms including Citadel Securities, Fidelity Digital Assets and Charles Schwab Corp. said it’s gone live, a move that could reshape the digital-asset landscape amid heightened US scrutiny of the sector.
Aviation executives gathered for a second day at the Paris Air Show, the first time the event takes place outside the French capital in four years. The opening day saw local champion Airbus SE pull in a record order from Indian carrier IndiGo for 500 A320 family aircraft, and Day 2 is gearing up for another flurry of commercial announcements from the European manufacturer and its US rival, Boeing Co.
(Bloomberg) — Spotify Technology SA is planning a more expensive subscription option that’s expected to include high-fidelity audio in an effort to drive more revenue and placate investors who’ve been saying the company should raise its prices.
Palestinian gunmen opened fire at a gas station outside a Jewish West Bank settlement on Tuesday, killing four people and wounding several others, the Israeli rescue service said in a statement.
Civitas Resources Inc., a US shale oil producer, agreed to acquire assets from companies controlled by private equity firm NGP Energy Capital Management for about $4.7 billion in cash and stock to expand for the first time into the Permian Basin.
Top Justice Department antitrust lawyers are weighing a revamp of how they scrutinize bank mergers, complicating further consolidation for an industry that’s facing some of its biggest challenges since the financial crisis.
Brazil’s central bank is discussing its next monetary policy move amid growing pressure for interest rate cuts from President Luiz Inacio Lula da Silva’s administration and even senators who are the ultimate guarantors of the institution’s autonomy.
(Bloomberg) — European Central Bank Governing Council member Gediminas Simkus said he wouldn’t be surprised if officials lift borrowing costs again after the summer.
