Yves Perrier, the chief executive officer of Amundi SA, has said for several years that his aim is to make Asia a second domestic market for his firm. In 2019, the business started to deliver on that promise — which could pave the way for Perrier, who’s spent the past decade building Amundi into Europe’s biggest fund manager, to depart ...

Bombardier Inc. has given up trying to compete in the commercial aerospace market by selling its remaining stake in the 100-150 seat A220 program to its joint venture partner Airbus SE. The $1.5 billion full-year net loss that Airbus announced, alongside that deal, is a painful reminder of why Bombardier’s own large jet ambitions always looked doomed. In theory, building ...

How cheap would you like your natural gas today? Is zero low enough? OK, how about we pay you to take it off our hands? That’s what’s happening in the middle of the US shale patch at the moment — and it’s a symptom of a glut that could reshape energy markets across the world in the coming years. Gas ...

It’s never good when a CEO has to kick off his company’s year-end earnings report, as Kraft Heinz Co.’s did by saying: “While our 2019 results were disappointing …” Disappointing is putting it mildly, though. Try miserable. To recap: It was one year ago this month that the packaged-food manufacturer suffered a $15.4 billion writedown because of damage — largely ...

Two months after suffering its worst general election result for 84 years, Britain’s Labour Party continues to pick up the pieces. While Boris Johnson’s Conservatives govern with an 80-seat majority in the House of Commons, Labour is simultaneously reflecting on its thrashing and electing a successor to outgoing leader Jeremy Corbyn. This week saw the publication by Lord Ashcroft — ...

Bloomberg Investors who poured money into bond funds last year are showing little sign of stopping in 2020, adding more downward pressure to yields. Inflow to fixed-income assets nearly doubled last year to $1 trillion, according to data from Morningstar Inc. With fears about the coronavirus outbreak dimming growth prospects for the global economy and prompting a search for haven ...

Bloomberg Ether has more than doubled this year, but technical indicators are starting to flash worrying signals for the second-biggest cryptocurrency. Based on the GTI Global Strength Indicator, which measures upward and downward movements of successive closing prices, the coin is at its most overbought level since May 2019. An asset is considered overbought if the indicator exceeds 70 and ...

Bloomberg The broad policy direction for many of the world’s central banks and governments now hinges on one question: how will the Chinese government respond to the economic shock caused by the coronavirus? The Communist Party’s elite Politburo has urged the nation to meet its economic targets this year, an imperative that could shake the government’s recent reluctance to fire ...

Bloomberg Switzerland’s biggest bank wants its airplanes back. For several months, UBS Group AG has sought to reverse a Moscow court decision allowing the seizure of two Bombardier Challenger 650 jets leased to brothers Dmitry and Alexey Ananiev, the former co-owners of Promsvyazbank PJSC. UBS faces powerful opponents: the Russian central bank, which spent 113.4 billion rubles ($1.8 billion) in ...

Bloomberg Deutsche Bank AG may have defused a potential land mine in its still-fragile turnaround. A once-treacherous decision about whether to retire one of the bank’s riskiest bonds in April has almost become a nonevent amid signs of progress in the overhaul and overwhelming evidence of the lender’s ability to sell Additional Tier 1 notes in a red-hot market. The ...