Dutch Trader Is Arrested as Part of Europe-Wide Tax Probe
A Dutch trader was arrested in an operation coordinated by three European countries investigating crimes linked to the Cum-Ex and Cum-Cum tax scandals that have spread across the continent.
Bloomberg Business
Russian Attacks Threaten Ukraine’s Return to Growth, Economic Minister Says
Ukraine’s return to economic growth may be thwarted by Russia’s attacks, such as a blast at the Kakhovka hydroelectric plant on Tuesday, the country’s economy minister, Yulia Svyrydenko, told Bloomberg TV in an interview.
Ex-Mellon CIO Seeks $250 Million for Big Short on Corporate Debt
David Daglio, the former chief investment officer of Mellon Investments, is on a $250 million fund-raising drive to power his new bearish investment fund that’s going all-in on credit market stress.
Pimco Sees Best Bond Return Potential in 14 Years as Rates Rise
One of the world’s biggest bond managers sees the best opportunity in more than a decade to invest in public-debt securities as the Federal Reserve is likely to delay rate cuts until next year.
Stellantis Weighs Offer From Canada to Save Battery Plant
Stellantis NV and LG Energy Solution Ltd. are reviewing an offer from the Canadian and Ontario governments to salvage an electric-vehicle battery plant in Windsor, across the border from Detroit.
UBS Wins More Than Two Years’ Grace on Swiss Capital Rules
UBS Group AG will benefit from a more-than two year grace period before Switzerland imposes higher capital requirements related to its takeover of Credit Suisse Group AG.
Italy Court Halts Inheritance Case That Pits Ferrari Chair Elkann Against His Mother
A Turin court on Tuesday accepted a request from the Elkann family to suspend an inheritance case that’s pitted Stellantis NV and Ferrari NV Chairman John Elkann against his mother Margherita Agnelli and threatened to call into question the billionaire clan’s control of its business empire.
South Africa Seeks Water Investment With Procurement Office
South Africa is setting up an office to facilitate investment in the water industry in a bid to arrest its collapse and emulate the success of the nation’s electricity procurement agency, which has attracted more than $10 billion of private money into renewable energy.
Ukraine Dam Blast Blamed on Russia Tips War Into New Phase
Ukraine said Russia blew up a giant dam and unleashed an environmental catastrophe, with floodwater sweeping across the south of the country as Kyiv’s forces intensify their counteroffensive to oust Moscow’s troops from occupied territory.
SEC’s Gensler Says There Are Parallels to FTX In Binance
SEC Chair Gary Gensler warns that the crypto industry could undermine trust in capital markets after the SEC sued Binance and Coinbase, alleging that the crypto platforms mishandled customer funds and misled investors. Gensler also cautions against investment advisers holding crypto assets in their funds. He speaks to Bloomberg’s David Westin.
