Bloomberg AbertisInfraestructuras SA agreed to pay €594 million ($677 million) to buy control of two Italian highways as the Spanish toll-road operator presses ahead with its international expansion plan. Abertis reached an accord with IntesaSanpaoloSpA, AstaldiSpA and the Tabacchi family to buy the two companies that control 51 percent of A4 Holding, which owns the A4 Brescia-Padova and A31 ...

  Bloomberg After years of aggressive regulation reining them in, Europe’s banks are starting to get some slack from the policy makers in Brussels. The European Union has opened up the entire financial rule book for review, including contentious issues such as the cap on bankers’ bonuses. Faced with weak banks and an anemic economy, regulators have made clear that ...

  Davao / AFP The election of Rodrigo Duterte as Philippine president marks the latest victory for populist politics, as voters around the world reward candidates offering simple solutions to complex problems. In a country beset by crime, poverty and corruption, Duterte promised voters a raft of quick fixes that many analysts believe will remain empty promises. One of his ...