A scorching stock rally in China’s state-linked companies lost further momentum Wednesday, as investors cashed in on the robust gains recorded by financial behemoths and infrastructure builders.
Credit Agricole SA’s investment bank posted a record performance in the first quarter as the French lender’s debt traders powered a surge in revenue.
The UK’s Financial Conduct Authority has warned of “robust action” against firms that fail to abide by new consumer protection rules which will be implemented in the summer.
Sri Lanka’s Supreme Court has cleared the way for lawmakers to rule on a bill that would decriminalize homosexuality and change the island nation’s decades-old laws on same-sex relationships.
Toyota Motor Corp. released a conservative profit forecast for the current fiscal year that aligned with analyst projections, as new Chief Executive Officer Koji Sato seeks to deliver on his pledge to rapidly expand electric vehicle production.
TUI AG’s summer bookings are approaching pre-pandemic levels, the latest sign that the travel sector is recovering despite high inflation squeezing household budgets.
Vonovia SE offered Apollo Global Management Inc. a series of unusual sweeteners to close a €1 billion ($1.1 billion) property deal, increasing the discount in a sign of the struggles landlords face in selling once-prized assets.
BlackRock Inc. is seeking to raise an initial $1 billion for a new Middle East infrastructure and private equity-focused fund with some of the region’s largest sovereign wealth funds, people familiar with the matter said.
Hong Kong legislators have granted the city’s leader the power to veto foreign lawyers from national security cases, which will put a decision handed down from Beijing last year onto the finance hub’s law books.
Swedish Orphan Biovitrum AB agreed to buy US biotech CTI BioPharma Corp., which develops therapies for blood-related cancers, in a deal valued at $1.7 billion.
