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Sterling isn’t the villain in post-Brexit M&A

Sky Plc’s takeover by Comcast Corp. is set to be one of the biggest acquisitions of a UK company by an overseas buyer. Expect more to follow. No one is bidding for a British target solely because sterling is 12 percent cheaper than just before the Brexit referendum — but the pound’s weakness is only making targets more digestible. The ...

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Machines are coming for India’s unwanted jobs

A textile-yarn company in western Indian soon will have more machines than workers. A manufacturer in southern India sold almost double the number of its automated goods last year. India’s biggest carmaker has one robot for every four plant employees. Automation will double over the next three years in Indian factories, according to a survey by Willis Towers Watson. Companies ...

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Money-laundering woes dog Europe’s banks

Bloomberg September was the month when long-running failures to stop money-laundering came back to bite some of Europe’s largest banks. Regulators from Switzerland to the Nordic region and Germany reprimanded institutions for failing to do enough to prevent illicit money flows. While some paid for past misdeeds, others were chastised for continued shortcomings and even had monitors assigned to help ...

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