Bloomberg Business

US investment firm MSP Sports Capital is considering a potential investment in England’s Everton Football Club, people with knowledge of the matter said.

Deutsche Bank AG’s investment arm said it won’t walk away from a goal of becoming Europe’s second-biggest ETF provider, after an analysis showed it was among the few in the industry to lose client cash in 2022.

The Adani Group said it’s exploring legal action against US investor Hindenburg Research after the short seller released a report alleging “brazen” market manipulation and accounting fraud by Asia’s richest man’s empire.

Turkey will provide a more favorable exchange rate to exporters that convert their foreign income into lira and don’t use the proceeds to buy hard currency for some time.

The timing of short seller Hindenburg Research’s report on the Adani Group, just before the $2.5 billion share sale by the conglomerate’s flagship firm, has confounded market watchers. Still, allegations made by US-based firm may have come a little too late to derail India’s biggest ever primary follow-on public offering, they say.

A selloff in dollar bonds tied to Indian billionaire Gautam Adani intensified Thursday as a short seller’s accusation of stock manipulation and accounting fraud revived concerns about the conglomerate’s debt woes.

First Abu Dhabi Bank PJSC hired Lars Kramer from ABN Amro Bank NV as its chief financial officer, replacing James Burdett who is retiring after eight years with the United Arab Emirates’ largest lender.

Hyundai Motor Co. will invest 10.5 trillion won ($8.5 billion) over the course of 2023, according to an exchange filing Thursday, as it moves to electrify more of its fleet to sate rising consumer demand for cleaner cars.

The two biggest banks in the United Arab Emirates posted a jump in annual profit, topping estimates, after the country’s strong economic growth helped to drive an increase in margins and net interest income.

New Bloomberg index shows soaring prices for ingredients