Bloomberg Business

Pakistan is edging closer to a default as political unrest sparked by the arrest of former prime minister Imran Khan is set to delay an International Monetary Fund bailout.

RWE AG is drawing up plans to pull out of a controversial liquefied natural gas project on the Baltic Sea island of Ruegen deterred by political rows including about the location of the project.

Italy has signaled to the US that it intends to pull out of a controversial investment pact with China before the end of the year.

Abu Dhabi’s main energy company will sell a 15% stake in its maritime logistics unit in an initial public offering, kicking off the second listing of one of its businesses this year.

ABN Amro Bank NV reported higher-than-expected earnings for the first quarter as the Dutch bank boosted lending income and set aside less money for bad loans. The shares rose the most in three months.

Asos Plc sales fell and its loss grew in the first half as the British online retailer tried to cut inventory and excessive discounting.

The European Central Bank is near the conclusion of its cycle of interest-rate increases and will almost certainly cease this year, Governing Council member Yannis Stournaras said.

Serial dealmaker Martin E. Franklin, who warned of excesses in blank-check companies last year, is raising money for a new buyout company.

The European Central Bank may be approaching the final leg of its historic cycle of interest-rate increases, according to Governing Council member Joachim Nagel.

Consumer, health and energy shares are among just a handful of stock winners in Australia’s budget, as the country’s fiscal blueprint returned to a surplus for the first time since the 2008 global financial crisis.