Germany plans to order 50 Puma infantry fighting vehicles from manufacturers Rheinmetall AG and Krauss-Maffei Wegmann GmbH for €1.5 billion ($1.7 billion) to restock the country’s armed forces, according to people familiar with the matter.
The International Monetary Fund’s chief capped a visit to Kenya with an enthusiastic endorsement of its economic management and expressed confidence that the cash-strapped nation would keep servicing its debts.
When Bjorn Gulden arrived at Adidas AG following the implosion of its Yeezy collaboration, the new chief executive officer found one pleasant surprise: The classic Samba sneakers that celebrities had started wearing last summer appeared ready to take off.
Ireland is weighing the reintroduction of mortgage relief as part of this year’s budget package to ease the financial pressure on borrowers as the ECB’s rate tightening continues.
The prospect for global earnings growth this year is dim despite better-than-expected first-quarter results in the US and Europe, according to strategists at Goldman Sachs Group Inc. and Bank of America Corp.
A powerful 6.5-magnitude earthquake and a series of strong aftershocks struck Ishikawa Prefecture on Japan’s west coast, causing multiple homes to collapse in the city of Suzu on Friday.
(Bloomberg) — European Central Bank officials are rallying behind President Christine Lagarde’s declaration that there’s still some way to go before interest rates reach their peak.
A group of investors in GAM Holding AG said it’s considering rejecting the takeover offer from Liontrust Asset Management because it undervalues the Swiss asset manager and doesn’t include a cash component.
The Swiss banking watchdog’s decision to wipe out about $18 billion worth of high-risk bonds as part of the deal to rescue Credit Suisse Group AG was a possibility investors should have been aware of, Swiss National Bank President Thomas Jordan said.
Ben Brazil, who helped turn Macquarie Group Ltd.’s leasing and lending business into a major earnings driver, has built up almost $2 billion in funds to target distressed assets.
