Bacardi Ltd., the spirits maker best known for its rum, is nearing a deal to acquire Ilegal Mezcal after private equity firm L Catterton held talks to buy the company, according to people with knowledge of the matter.
Saudi Arabia is accelerating its expansion into the global food industry with a pact to buy shares of BRF SA, Brazil’s biggest poultry producer.
Liquidators have been appointed to two European units of sanctioned Russian leasing company GTLK after their bid to win the protection of the Irish courts failed.
Kosovo’s prime minister said his police will stay in the northern parts of the country where their presence has sparked violent protests, snubbing a demand from the US to defuse the situation.
British Land Co. lost its blue-chip status after more than two decades in the FTSE 100 index as soaring interest rates roil the UK commercial property market.
US authorities are seeking to require carmakers to install automatic emergency braking systems on new vehicles, a sweeping proposal aimed at reducing roadway deaths.
The London Metal Exchange is planning to make its process of setting end-of-day prices more predictable, a move that could favor algorithmic traders over more traditional brokers.
(Bloomberg) — Federal Reserve Governor Michelle Bowman said rebounding home prices could impact the US central bank’s work to lower inflation, which Boston Fed President Susan Collins said remains “simply too high.”
The mysterious boom in Italian exports to China is linked to Pfizer Inc.’s plant producing the anti-Covid drug Paxlovid.
Johnson Matthey Plc is planning the sale of its medical device components business as the British industrial conglomerate streamlines its portfolio of assets, according to people familiar with the matter.
