UBS Group AG and two major Chinese lenders have been drawn into one of Singapore’s largest money laundering cases, as a police affidavit showed that an alleged fugitive involved had stashed millions at the banks.
Nexi SpA jumped as much as 19% after people with knowledge of the matter said CVC Capital Partners is in the early stages of considering a potential bid for European payments firm.
Japanese banks will compensate customers for costs they incurred in connection with the record two-day outage that hit the domestic fund transfer system last week.
Just Eat Takeaway.com NV raised its full-year profit guidance as the company’s focus on cost cutting boosted profitability.
UK inflation failed to slow as forecast in September as rising oil prices offset downward pressures from food costs.
US President Joe Biden landed in Israel on Wednesday, hours after an explosion at a hospital in Gaza killed hundreds and threatened to plunge the region into chaos. The blast drew condemnation from Arab governments — who blamed Israel — and will complicate US efforts to contain the conflict.
Bolttech, a Singapore-based insurance technology firm, is considering a US initial public offering that could raise as much as $300 million, according to people with knowledge of the matter.
Any potential equity market rally is at risk if geopolitical uncertainty escalates further, according to Goldman Sachs Group Inc.
Volvo AB continued to get a boost from pent-up demand during the third quarter, while the Swedish truckmaker expects markets to weaken from a high level next year against a tougher economic backdrop.
The decline, though small, ‘makes us believe our approach works,’ according to the Net-Zero Asset Owner Alliance.
