Bloomberg Business

UK’s FCA Places Restrictions on Odey Asset Management, FT Says

The UK’s Financial Conduct Authority has 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, the Financial Times reported, citing two people with knowledge of the matter.

FAA to Investigate Ground Incident Involving United, Delta Jets

The Federal Aviation Administration said it will investigate an incident where the wing of a United Airlines Holdings Inc. flight clipped the tail of a Delta Air Lines Inc. plane at Boston Logan International airport on Friday.

Kuwait Appoints New Oil, Defense Ministers in Latest Cabinet

Kuwait formed its fifth government in less than a year, naming new oil and defense ministers, as the OPEC member tries to break out of a protracted political impasse that has stalled fiscal reform and development.

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