Monte Paschi Open to M&A Options in Italy After Revamp Plan
Banca Monte dei Paschi di Siena SpA is open to look at possible merger and acquisitions opportunities in Italy after the completion of its capital boost and a cost reduction plan.
Bloomberg Business
Accused FX Fraudster Missing from London Criminal Trial
The boss of a London foreign-exchange investment firm accused of defrauding investors out of £50 million ($62.2 million) has “voluntarily absented” himself from his London trial.
Tata Steel in Talks to Raise Up to $400M in Offshore Green Loan
India’s Tata Steel Ltd. is in talks to raise as much as $400 million, according to people familiar with the matter, in what could become the company’s first green loan.
Amazon’s Mideast Rival Noon Cuts 10% of Jobs to Pare Costs
Noon, the Middle East’s answer to Amazon.com Inc., cut about 10% of its roughly 3,400-strong workforce to increase efficiency and reduce costs, according to its founder Mohamed Alabbar.
UK Insolvencies Surge as Rising Rates and Energy Bills Take Toll
The toll of surging interest rates and energy bills was laid bare in new figures that showed the number of firms going bust in England and Wales jumping to the highest in at least four years.
A Third of Thais Still Undecided Weeks Before Vote, Survey Shows
One-third of Thai voters are still undecided about their choice of political parties ahead of the May 14 general election, with opposition parties holding a clear edge over the ruling military-backed coalition, according to a nationwide survey.
Foreigners Snap Up $2 Billion of India’s Index-Eligible Debt
Foreign buying of India’s index-eligible, high-yielding government bonds crossed $2 billion this year, coinciding with a survey that showed more global investors favoring debt from the South Asian nation be added to JPMorgan Chase & Co.’s benchmark emerging markets index.
GSK to Buy Bellus for $2 Billion to Gain Cough Medicine
GSK Plc agreed to buy Canadian biotech Bellus Health Inc. for about $2 billion to bolster its pipeline of experimental medicines.
Foreigners, Diplomats Targeted in Sudan as Fighting Persists
Fighters in Sudan’s capital have targeted buildings occupied by diplomats and international humanitarian agency staff since violence erupted in the North African nation four days ago, the United Nations said.
Bangladesh Garment Factories at Fire Risk as Temperatures Soar
Bangladesh’s garment factories, a key source of foreign exchange for the South Asian nation, face the heightened risk of fires as summer temperatures soar, an industry lobby group warned.
