Germany’s government is accelerating efforts to merge four high-voltage grid operators because it believes that’s the quickest way to modernize power lines for a coming influx of renewable energy, according to people familiar with the matter.
Prime Minister Rishi Sunak and European Commission President Ursula von der Leyen both hailed their post-Brexit deal as a chance to reset frayed relations between the two sides. For investors in British assets, the repair work is only just beginning.
Credit Suisse Group AG “seriously breached” its risk management obligations in the Greensill Capital supply-chain financing affair, Switzerland’s banking regulator has concluded as it closed its probe against the bank.
Bank of Nova Scotia missed earnings estimates as the company failed to capture the benefit of rising interest rates.
The rally in India’s largest consumer stocks has likely run its course as margins are near historical highs and the firms appear reluctant to boost investment, according to one of the nation’s biggest money managers.
The European Union’s top antitrust enforcer warned against the risk of global regulators clamoring to be the first to pronounce on mega deals such as Microsoft Corp.’s $69 billion plan to buy Activision Blizzard Inc. and said it’s possible they’ll reach different conclusions on mergers.
China’s banks and asset managers are turning to an old yet potentially risky accounting maneuver to attract buyers for their investment funds after a rout in the bond market triggered waves of redemptions last year.
Cimolai SpA, the Italian building firm trying to avoid collapse after suffering severe losses on currency derivatives, wants to ease the pain of its many creditors at the expense of broker JB Drax Honore.
The Biden administration warned companies lining up for funding from the US Chips and Science Act that the money will come with major strings attached, including restrictions on investing in other countries and a limit on much-prized stock buybacks.
Klarna Bank AB pared losses in the fourth quarter and said it’s on track to make a profit by this summer, as more of its growing customer base paid back their debts while the firm’s cost-cutting drive continued.
