Media-related stocks have been all the rage in India, thanks to a mega merger involving a unit of Japan’s Sony Group Corp., and the return of Bollywood blockbusters. Investors are now weighing the sector’s pricey valuations against the potential for future growth.
Booking Holdings Inc.’s €1.6 billion ($1.7 billion) takeover of Sweden’s Etraveli Group was blocked by the European Union, after merger regulators concluded that the proposed acquisition would harm the market for online travel agencies.
Costco Wholesale Corp. will offer members access to medical care through a deal with online marketplace Sesame, as the retail giant joins peers by pushing deeper into health care.
Hedge-fund fever was exploding in Brazil. With interest rates at historic lows and the wealthy clamoring for new ways to mint money, traders were leaving banks in droves to set up their own shops along the beach in Rio de Janeiro and in fashionable Sao Paulo neighborhoods.
One of Sweden’s largest landlords plans to buy back some of its junior notes to further reduce debt, a sign that the bond market is still too expensive for some issuers struggling with soaring rates.
Struggling Swedish landlord SBB took a major step toward stabilizing its finances with a cash injection and a plan to divide up its operations, sending a signal that money is available despite the country’s real estate crisis.
Rishi Sunak faced anger from UK business leaders, politicians across the spectrum and even a major donor as he considers whether to shorten a flagship rail project that may cost £100 billion ($123 billion).
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Austrian Airlines AG was found guilty of misleading climate-conscious travelers by suggesting its flights were sustainable, even though they were largely powered by fossil fuels.
Germany’s business outlook improved slightly in September, while remaining at historically low levels as the economy faces another contraction this quarter.
