Bloomberg Business

Spanish Left Unites to Face Conservatives in Snap Election

Spain’s populist Podemos party said it would join an alliance of left-wing groups in a last-ditch attempt to help Socialist Prime Minister Pedro Sanchez prevent a right-wing coalition from taking power in next month’s snap election.

Malaysia Names Abdul Rasheed as Central Bank Governor

Malaysia named Shaik Abdul Rasheed Abdul Ghaffour as its new central bank governor, tasked with fostering stability and confidence in an economy under pressure from slowing global demand, volatile inflation and a weakened ringgit.

Brookfield to Buy Network International for £2.2 Billion

Brookfield Asset Management Ltd. has agreed to acquire London—listed Network International Holdings Plc for about £2.2 billion ($2.8 billion) to expand its presence in credit card processing in the Middle East.

EU Puts ESG Rating Firms on Notice as Major Overhaul Planned

After years of unfettered growth, the providers of ESG ratings will soon have to adjust their businesses to comply with new regulations or face hefty fines if they fail to comply, according to a draft document seen by Bloomberg News.

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