Bloomberg Business

Belgium is selling about a third of its stake in BNP Paribas SA in a move that will end the country’s run as the bank’s largest shareholder.

LVMH shares climbed after the world’s leading luxury goods company announced a plan to repurchase as much as €1.5 billion ($1.59 billion) of its own stock.

The European Central Bank should reach its peak interest rate by September, Governing Council member Francois Villeroy de Galhau said.

India is seeking to convince Moscow and Beijing to go along with a consensus on describing Russia’s war in Ukraine, similar to the one reached by leaders of the Group of 20 nations last year, a senior official with knowledge of the matter said.

China’s local governments tap less than a fifth of the income they make from selling land to help fulfill their daily spending needs, according to China’s finance minister, who insisted this week that the hit regional authorities have taken from declining land sales is limited.

India will face hotter weather over the coming months, stoking concern about a repeat of the intense heat wave last year that risks damaging crops and further straining the country’s power network.

Persimmon Plc warned that higher mortgage rates and reduced affordability will weigh on the UK property market this year. Its shares fell.

Euronext NV has withdrawn an indicative, €5.5 billion ($5.8 billion) offer for investment-platform Allfunds Group Plc after both sides were unable to agree on the terms of a takeover.

At least 36 people were killed in a train crash in northeast Greece and 66 more were injured, the local fire department said.

Banco Santander SA Chairman Ana Botin’s compensation for 2022 slipped 4.5% from the previous year to €11.74 million ($12.5 million).