Bloomberg EssilorLuxottica, the newly merged Italian-French eyewear conglomerate, said it was the target of a 190 million euro ($213 million) fraud at a factory in Thailand as a power struggle roils its headquarters. The world’s leading lens maker is working to recover the lost funds, and employees associated with the incident, which occurred at an Essilor plant, have been fired, ...

Bloomberg The chief financial officer of Domino’s Pizza Group Plc died in a snorkeling accident, leaving a growing management void at the franchise holder for the fast-food brand in the UK and Ireland. David Bauernfeind, 51, died while on vacation with his family in Mauritius, according to a spokesman. The company’s chairman and chief executive officer had previously announced plans ...

Bloomberg Emerging markets are headed into 2020 on a high note even if the US-China trade talks remain a nagging risk for investors. With the new decade looming, the average yield on developing-nation local-currency bonds is close to an all-time low of 4.12%, while stocks and currencies are at their highest levels since June 2018, underscoring how expectations Washington and ...

Bloomberg Gateway Casinos & Entertainment Ltd, one of Canada’s largest gaming companies, has agreed to a deal that will create a new firm valued at about $1.1 billion. Gateway said that Leisure Acquisition Corp, a special purpose company created to make acquisitions, will merge into a new unit of GTWY Holdings, Gateway’s parent. GTWY shares are expected to be listed ...

Bloomberg China’s economic performance improved in December for the first time in eight months, according to a group of earliest-available indicators compiled by Bloomberg. Production in the world’s second-largest economy accelerated as domestic demand stabilised, and market sentiment turned around on the prospect of a near-term trade deal with the US. The reading is the latest sign that Chinese economy ...

Bloomberg Fast Retailing Co Chief Executive Officer Tadashi Yanai is leaving SoftBank Group Corp’s board after more than 18 years as one of the few directors with the heft to challenge Masayoshi Son. Yanai, Japan’s richest man, will step down on December 31, according to a SoftBank statement. He is leaving the post to focus on running his own business, ...

Bloomberg Serbia will spend almost 14 billion euros ($15.7 billion) through 2025 as the government seeks to double the rate of economic growth, bringing it into line with the European Union and raising living standards. The new investments were announced as the Balkan nation heads for general elections in late April or early May, and President Aleksandar Vucic is eager ...

Bloomberg Equity capital markets bankers won’t be sad to close the door on a miserable 2019 in Europe. Though some of the elements that made for a volatile environment for initial public offerings are still in play, there is reason to hope 2020 will bring fairer weather. Trade tensions have eased after a deal between the US and China this ...

Bloomberg The new decade could be the dawn of a tougher era for bond investors, as conditions that sustained the historic bull run in government debt fall away. Unprecedented central bank action has dominated economic stimulus since the global crisis and suppressed yields around the world. The skew may now be shifting more towards fiscal expansion that could pressure rates ...

Bloomberg All but the smallest civilian drones would have to broadcast radio tracking data to ensure greater safety and prevent terrorism under a sweeping proposal unveiled by US regulators. The long-awaited draft rules call for a massive new tracking network for everything from toys to larger commercial drones so that law enforcement can spot the devices flying anywhere, from congested ...