Bloomberg Business

Cryptocurrencies resumed losses Monday, though staying above their weekend lows, as last week’s regulatory crackdown by the US Securities and Exchange Commission weighed on sentiment.

US agribusiness Bunge Ltd. is near a deal to acquire Glencore Plc-backed Viterra, people familiar with the matter said, creating a giant capable of competing with the world’s biggest agricultural players.

Novartis AG agreed to buy Chinook Therapeutics Inc. for as much as $3.5 billion to add two promising treatments in advanced tests for a rare kidney disease.

Warren Buffett is shielding Occidental Petroleum Corp. from the worst of the drubbing hitting oil and gas producers and making the stock trade like fossil fuel firms more than five times it size.

Romanian Prime Minister Nicolae Ciuca quit to hand the premiership to a coalition partner in a power-sharing deal aimed at maintaining stability in a country buffeted by political upheaval.

India’s retail inflation cooled faster-than-expected in May, providing relief to policymakers even as risks from an uneven monsoon remain.

With elections looming next month, the Spanish government of Prime Minister Pedro Sanchez plans to extend tax breaks on staple foods until living costs ease further.

Turkish stocks surged to record highs, while the lira remained at all-time lows, as the appointment of two former Wall Street bankers to the country’s new economy team fueled optimism that the government will return to more conventional policies.