HSBC’s Sale of Canada Unit to RBC Is Opposed by Conservative Leader
The leader of Canada’s main opposition political party says the government should block HSBC Holdings Plc’s sale of its local operations to Royal Bank of Canada.
Bloomberg Top News
Nigeria Turns to Tiny Tankers to Replace Big Broken Oil Pipeline
Nigeria is turning to a fleet of tiny river-going tankers to boost its oil production because one of its key oil pipelines has been broken for months.
Big Banks Get a Breather to Respond to Planned Capital Mandates
Top US financial regulators on Friday delayed a deadline for comments on their sweeping plan to impose tighter capital rules on big banks.
Nestle Among Firms Facing Higher Tax In India After Court Loss
Several multinationals doing business in India are on the hook for significant back taxes, interest, and potential penalty payments after the Supreme Court overturned a lower court’s interpretation of tax treaty implementation.
VW Sees Operating Result at Last Year’s Level on Hedging Effect
Volkswagen AG revised its guidance for the year after hedging losses cut into profitability during the earlier part of the year.
Adevinta Shows How Far Private Lenders Will Go to Win Deals
A race to provide financing for the buyout of classifieds company Adevinta ASA shows that direct lenders are willing to slash their terms in order to win deals, even in a volatile market.
Europe Gas Settles at Week-High on Wider Mideast Conflict Fears
European natural gas settled at the highest level in a week as concerns that the conflict in the Middle East will widen and affect global flows of the vital fuel ahead of winter.
Trump Ally Jordan Loses Third Speaker Vote With Support Fading
Trump loyalist Jim Jordan lost a third vote for House speaker Friday as more Republican lawmakers abandoned the GOP nominee and a sense his candidacy was doomed spread within his party.
Stocks Fall as Oil Hits $90 on Middle East Jitters: Markets Wrap
Stocks declined around the world, bonds climbed and oil hit $90 a barrel amid investor concern that the Israel war with Hamas will escalate into a wider conflict in the Middle East.
US Senators Arrive in Saudi Arabia While Fears of Wider War Grow
A bipartisan group of US senators arrived in Saudi Arabia as part of a trip through the region aimed at keeping Saudi-Israeli diplomacy on track and trying to prevent Israel’s conflict with Hamas from spreading into a wider war.