Euronext Explores Takeover of H&F-Backed Allfunds
Euronext NV has made an indicative takeover offer to buy fund distribution platform Allfunds Group Plc for €5.5 billion ($5.9 billion) in cash and stock.
Bloomberg Business
Intel Slashes Dividend 66% to Lowest Payout in 16 Years
Intel Corp., the biggest maker of computer processors, slashed its dividend payment to the lowest level in 16 years in an effort to preserve cash and focus on a turnaround plan.
South Africa Offers Tax Breaks to Counter Energy Crisis
South Africa is offering a total of 13 billion rand ($710 million) in tax incentives to businesses and individuals to encourage investment in renewable energy projects and offset the impact of higher fuel and food prices.
Venezuela Lawmaker Mocked by Chavez Seeks to Oust His Successor
Steel heir María Corina Machado wants to lead the opposition after Guaidó’s flop.
Met Police Dodge Court Over Handling of Johnson’s Partygate
A London judge dismissed a lawsuit against the Metropolitan Police Service, for its alleged failure to investigate fully former Prime Minister Boris Johnson over the partygate scandal.
Villeroy Pushes Back Against ‘Overreaction’ on ECB Rate Bets
Markets may have overshot in recent days when placing bets on the peak for European Central Bank interest rates, according to Governing Council member Francois Villeroy de Galhau.
Amazon Says It Has Completed $3.49 Billion Deal for One Medical
Amazon.com Inc. says it has completed its purchase of One Medical parent 1Life Healthcare Inc., sealing the $3.49 billion acquisition after the US Federal Trade Commission declined to challenge it.
Deutsche Bank Rebuilds Mexico Office as Others Head for Exit
Deutsche Bank AG sees opportunity in Mexico where other investment banks don’t.
Epstein Victims Say Banks Chose Profits Over Following Law
Deutsche Bank AG and JPMorgan Chase & Co. chose to profit from Jeffrey Epstein’s sex-trafficking venture rather than follow the law, victims of the pedophile told a judge, urging him not to throw out their lawsuit seeking damages from the banks.
US Must Raise Debt Limit by Summer to Avoid a Default, BPC Says
Congress must raise the US federal debt ceiling by the summer or early fall in order to avoid the risk of a federal payment default, according to the widely followed Bipartisan Policy Center model.
