Bloomberg Business

Rothschild & Co expects a 50% decline in profit ahead of going private later this year, citing a challenging environment for its units focusing on deals.

Qatar Investment Authority is set to hire Hussam Qasim from Credit Suisse Group AG for its domestic investment team as the $450 billion sovereign wealth fund prepares for an increase in inflows.

The French government said it has identified at least €10 billion ($10.9 billion) of savings as part of efforts to restore public finances after years of increased spending during the Covid pandemic and energy crisis.

Prime Minister Rishi Sunak is planning to sidestep a debate on Monday on whether to punish his predecessor Boris Johnson and accept the findings of a probe that found the former premier misled parliament, as he seeks to avoid inflaming an internal Conservative Party row.

Orange SA’s $19 billion bid to combine its Spanish operations with Masmovil Ibercom SA is under threat from European Union merger watchdogs unless the firms fix a list of competition concerns set to be issued by regulators.

The UK’s Financial Conduct Authority imposed restrictions on the movement of cash and assets by Odey Asset Management in an attempt to restore order after the ouster of its founder, Crispin Odey.

The UK’s short-term government borrowing costs climbed to 5% for the first time since the global financial crisis amid concern the troubling inflation outlook could lead to more aggressive monetary tightening from policymakers.

Chinese President Xi Jinping told Secretary of State Antony Blinken it was “very good” the US and China had made progress in steadying bilateral ties between the world’s two largest economies during his trip to Beijing.

Central banks in the US and Europe are signaling further interest rate increases but Mark Dowding, chief investment officer at RBC Bluebay Asset Management, isn’t buying it.