Fintech R2 Inks $100 Million Credit Line to Boost Mexico Lending
Latin American financial technology firm R2 secured a $100 million credit line from San Francisco-based Community Investment Management, to boost lending in Mexico, its largest market.
Bloomberg Business
UBS ‘Clean Team’ Descends on Credit Suisse as Deal Nears Closing
UBS Group AG bankers have descended on Credit Suisse Group AG to start digging through their former rival’s books as the Swiss firm aims to kickstart an integration process it’s deemed one of the most complex ever.
NATO Drills Sharpen Submarine-Hunt Skills in Russia’s Backyard
NATO is stepping up monitoring of submarines after the defense alliance warned that Moscow is mapping European Union and US critical underwater assets.
Visco Says ECB Isn’t Very Far From Peak on Interest Rates
(Bloomberg) — Governing Council member Ignazio Visco said the European Central Bank is close to reaching the peak of its interest-rate hikes.
Hotter Oceans Bring Dangers as El Nino Approaches: Weather Watch
Here’s what’s on Bloomberg Green’s weather radar today.
More Chinese Banks Cut Deposit Rates as Margins Shrink
At least three nationwide Chinese banks lowered deposit rates, following a similar move by their smaller rivals last month as lenders battle shrinking margins.
Russia Says It Has Billions of Indian Rupees That It Can’t Use
Russia has accumulated billions of rupees in Indian banks which it can’t use, Foreign Minister Sergei Lavrov said Friday, pointing to a ballooning trade surplus with the South Asian nation.
Air France-KLM Retreats as Worries Mount on Pace of Rebound
Air France-KLM left investors guessing about the strength of its recovery, abstaining from a full-year profit forecast and trimming its capacity prediction as French air-traffic control strikes and engine shortages inject uncertainty into the outlook.
Howard Marks to Have Treatment for Throat Cancer, FT Reports
Howard Marks, Oaktree Capital Management’s co-founder, will have treatment for a curable type of throat cancer, according to the Financial Times.
Software AG Drops After Rebuffing Proposal From Rival Bidder
Software AG shares fell after the German company refused to enter talks with a rival bidder and said it’s supporting an increased €2.4 billion ($2.6 billion) offer from existing backer Silver Lake Management.
