Bloomberg Trafigura Group posted record first-half profit, even after Russia’s invasion of Ukraine forced the commodities giant to pare back its activities as trading risk soared. Wild swings in prices and arbitrage opportunities helped to deliver net profit of $2.7 billion in the six months through March, Trafigura said in a report. At the same time, the war sharply ...

When war is raging in Ukraine, talk of reconstruction may seem premature. How can the country rebuild anything given the constant threat of attack? And yet, it’s right that governments and multilateral fore, along with Ukraine itself, are focusing on rebuilding. Although the first principle of help for Ukraine has to be military aid along with humanitarian support, it is ...

Private equity firm Apollo Global Management Inc and Indian billionaire Mukesh Ambani’s Reliance Industries Ltd have made a binding offer for chemist chain Boots. If it can close a deal, the consortium has a good chance of making a decent return on the British high-street stalwart. But the remedy for Boots won’t be cheap or easy. The formal proposal, fully ...