Bloomberg Nestle SA set new targets for profit growth in coming years and said it’s starting a strategic review of its Palforzia peanut-allergy business. Underlying earnings per share should rise 6% to 10% annually in constant currency through 2025, the maker of Nespresso capsules and DiGiorno meals said. Nestle said it’s reviewing options for Palforzia after a slower-than-expected performance, and …

  Bloomberg US shoppers have spent $6.3 billion so far on Cyber Monday, according to Adobe Inc, a robust showing that suggests steep discounts attracted inflation-stung shoppers. Cyber Monday spending will reach as much as $11.6 billion, making it the biggest online spending day ever, according to Adobe. “There is a ton of momentum coming into Cyber Monday, after a …

  Bloomberg Thailand reported a surge in serious Covid-19 infections and deaths, just as the Southeast Asian nation is seeing a rebound in foreign tourist arrivals that’s likely to gain further momentum into the holiday season. An average of 702 Covid patients were hospitalised a day, which was almost double the number from the start of the month, the Health …

  Bloomberg Goldman Sachs group Inc is shifting some of its euro swaps trading desk to Milan from London, the latest example of roles moving to the continent after Brexit. The Wall Street giant is relocating staff as it bolsters European offices in the wake of the UK’s departure from the European Union, according to people familiar with the matter. …

  Bloomberg Ireland is said to be planning to allow banks that were bailed out during the financial crisis to pay bonuses to staff, ending a long-standing ban. A retail banking review will be brought to Ireland’s cabinet and will be published if it is approved, according to the Department of Finance. Bonuses will be one of the issues the …

  Bloomberg Lloyds Banking group Plc is stepping up help for struggling customers, including mortgage relief, during the UK’s heightened economic stress, according to Chief Executive Officer Charlie Nunn. The bank is talking to British regulators about lengthening the terms of some mortgages as well as moving some customers to interest-only loans or lower-cost products as they adjust to the …

  Bloomberg Royal Bank of Canada agreed to buy HSBC Holdings Plc’s Canadian unit — the country’s seventh-largest bank — for C$13.5 billion ($10 billion) in cash, expanding its roster of business clients and bulking up its retail presence on the West Coast. The deal is expected to be completed by late 2023, subject to regulatory approvals, Toronto-based Royal Bank …

  Bloomberg India’s central bank will launch the retail version of its digital currency on a test basis starting Thursday, a month after allowing some banks to use it for settling secondary-market transactions in government securities. Four banks will initially run the digital currency pilot, with another four joining at a later stage, the Reserve Bank of India (RBI) said in …

Bloomberg Nomura Holdings Inc sees a potential revenue boost of $1 billion or more from a deeper push into areas including equities, private markets and managing money for the rich, according to the firm’s chief executive officer. “Our wholesale business platform allows us to seize on profit opportunities with certainty whenever the market moves,” Kentaro Okuda said at an investment …

  Bloomberg Asian currencies are set for their steepest monthly advance in more than six years, with the approaching end of the Federal Reserve’s tightening cycle supporting gains. The Bloomberg JPMorgan Asia Dollar Index has rallied 2.7% in November. South Korea’s won is the best performer after logging a 7% rise, followed by the Thai baht which climbed 6.8%. “While …