Bloomberg Credit Suisse Group AG is delaying the publication of findings from a report into the collapse of a $10 billion group of investment funds that it ran together with Greensill Capital. The bank had initially hoped to present key findings along with its third-quarter results, but will now take longer as executives focus on the implications for their ability ...

Bloomberg UniCredit has agreed to terminate a swap transaction with authorities in Sicily to end a dispute over deals entered into in 2005 and 2006. The transactions served to hedge Sicily’s long-term debt obligations. Both sides won’t be making any further comment on the resolution of the dispute, the Italian lender said in a statement. Disputes between a number banks ...

Bloomberg Deutsche Bank AG is targeting more business in the Nordic market by utilizing its balance sheet and bringing in additional bankers, according to the region’s chief executive officer. “We are selectively hiring, but also putting capital and balance sheet behind the right type of opportunities,” Jan Olsson said in a phone interview from London. The Nordic region “really stands ...

Bloomberg The yen dropped to a three-year low against the dollar, with analysts forecasting more weakness ahead as the nation’s yield differentials widen. The currency slipped as much as 0.5% to 112.75 per dollar on Monday, the weakest since December 2018, with Sumitomo Mitsui Banking Corp and Credit Agricole CIB predicting the yen could drop all the way to 115, ...

Bloomberg US futures dipped with European stocks as the highest oil prices since 2014 stirred fears that a spreading energy crunch will derail the global pandemic recovery. West Texas Intermediate crude rises past $80 a barrel and China’s coal futures reached a record as flooding shuttered mines. European equities were modestly lower, with declines led by travel and property firms. ...

Bloomberg Surging energy prices are kindling bullish bets on developing-nation exporters, with Russia emerging as traders’ favourite investment destination. Russia’s ruble has gained more than any other emerging-market currency this month, bolstered by the prospect of higher oil revenues, while the nation’s stocks outperformed as a broad gauge of developing equities sank. It marks an abrupt change of pace for ...

Bloomberg The energy crisis, the coming winter weather and the release of pent-up pandemic demand have sent nations scrambling to stockpile fossil fuels, a move that portends a rebound for global carbon dioxide emissions this year. The trajectory poses a new threat to the Paris Agreement goal of limiting global temperature increases to 1.5° Celsius. China, India and other developing ...

Bloomberg A unit of Reliance Industries Ltd acquired solar panel manufacturer REC Solar Holdings AS in a deal giving the company an enterprise value of $771 million as the Indian oil-to-retail conglomerate seeks to extend its dominance into alternative energy. The purchase of Norway-based REC Solar from China National Bluestar Group Co will help Reliance New Energy Solar expand in ...

Bloomberg French grocer Auchan made a recent approach to acquire rival Carrefour SA for about $19 billion but talks to create the country’s market leader stalled over the terms, according to people familiar with the matter. Auchan had approached Carrefour about a combination that would have seen Auchan, which is owned by the Mulliez family, hold a majority stake in ...

Bloomberg Walmart Inc said “the overwhelming majority” of employees required to get Covid-19 vaccines have received the shots. A “very small percentage” of the US headquarters and regional staff covered by the company mandate are partially inoculated or haven’t gotten the shots, Walmart said in an email without providing specific numbers. Employees who aren’t fully vaccinated can complete the process ...