Truckmaker Volvo Picks New Chairman Amid Spin-Off Talk
Volvo Group, one of the world’s largest truckmakers, has proposed that Par Boman be appointed its new chairman at the Swedish company’s annual general meeting in March.
Bloomberg Business
Hong Kong Orders Removal of Illegal Structures From Luxury Homes
Hong Kong authorities have ordered owners of four houses at a luxury residential estate to remove unauthorized structures that were exposed by a landslide.
UAE Energy Producer Plans to Borrow Up to $1 Billion With Second Green Bond
Masdar, a major operator of solar power plants in the United Arab Emirates, is planning to raise as much as $1 billion through its second offering of green bonds, after borrowing $750 million earlier this year.
China Mulls Easing Foreign Stake Limits to Lure Global Funds
China is considering relaxing the rules that cap foreign ownership in domestic publicly traded firms, people familiar with the matter said, as it seeks to lure global funds back to its $9.4 trillion stock market.
Schroders New Bond Scores Tilt Scales Toward Emerging Markets
Schroders Plc said it has a way to score sovereign debt that corrects for the rich-world biases inherent in ESG investing.
UK Retail Sales Rebound as Shoppers Return From Wet July
UK retail sales rebounded in August as the return of more settled weather brought consumers back into the shops.
TotalEnergies Said to Seek Sale of North Sea Greater Laggan Area
TotalEnergies SE is looking to sell its remaining stake in UK North Sea gas fields within the Greater Laggan Area, according to people with knowledge of the matter.
Riksbank Governor Says Investors Could Emulate Krona Hedging
The Riksbank’s decision to hedge a part of its currency reserves could be followed by institutional investors who share the central bank’s conviction that the krona is undervalued for no good reason, Governor Erik Thedeen said.
BofA Says Rate Worries Spark Biggest Stock Outflows This Year
Investors are dumping equities at the fastest pace since December as the prospect of higher-for-longer interest rates raises the risk of a recession, Bank of America Corp. strategists say.
US Considers Twin Defense Treaties to Achieve Israel-Saudi Arabia Normalization
The White House is considering formal defense treaties with Saudi Arabia and Israel as part of its plan to get two of its closest allies in the Middle East to formally recognize each other, according to several people familiar with the matter.
