Whiskey Giant Chivas Looks to Push More Single Malts Into India
French drinks giant Pernod Ricard SA is considering introducing more types of Scotch in India to tap the growing thirst for top-tier whiskey in the world’s most populous nation.
Bloomberg Business
Microsoft Launches $3.65 Billion Exchange for Activision Debt
Microsoft Corp. has kicked off an exchange offer for Activision Blizzard Inc.’s outstanding debt as part of its acquisition of the game and entertainment software company.
UBS Revamps Leadership in Wealth Unit in Latin America
UBS Group AG revamped the leadership of its Latin American wealth-management business outside of Brazil as the bank integrates its former rival Credit Suisse.
World Lacks Enough LNG for Energy Transition, Key Trader Says
Global demand for liquefied natural gas is likely to prove stronger than expected and the current pipeline of projects won’t be enough to keep up, according to one of Japan’s top traders of the fuel.
Stocks Rise Amid Efforts to Stifle Israel Conflict: Markets Wrap
Stocks rose and bonds fell amid diplomatic efforts to prevent the Israel-Hamas war from expanding into a regional conflict. Oil declined, following last week’s rally.
EU Fails to Set Date Ending Fossil Fuel Subsidies Before COP28
Europe’s environment ministers backed off a hard limit in what green groups will see as a worrying omen for the UN climate summit.
Emerging-Market Currencies Bounce Amid Elections, Diplomacy Push
Emerging-market currencies rose Monday as investors followed diplomatic efforts from the US and its allies to contain the war in the Middle East. Elections in Ecuador and Poland also helped boost assets.
Pfizer’s $9 Billion Covid Outlook Cut Sparks Investor Relief
Pfizer Inc.’s announcement that it will cut $9 billion from annual sales guidance due to declining demand for Covid shots and pills was met with relief by investors eager to understand the company’s post-pandemic growth strategy.
Colorado Court OKs Use of Google Search Data in Murder Case
The Colorado Supreme Court ruled on Monday that evidence gleaned from a warrant for Google’s search data could be used in a murder case, sparking concerns the decision may encourage more police to embrace the controversial technique.
Paulson Suit Says Ex-Business Partner Spent Millions on Lavish Lifestyle
John Paulson sued his former Puerto Rico business partner, accusing him and several members of his family of siphoning millions of dollars from the hedge fund billionaire to finance a luxury lifestyle.
