Bloomberg European Central Bank (ECB) President Christine Lagarde’s signature crisis-fighting tool is becoming the focus of disagreement among policy makers in what could amount to her first major test of discipline. Governing Council members face a potential rift over how much their emergency bond-purchase program should stay weighted towards weaker countries such as Italy, according to multiple conversations with central-bank …

Bloomberg Unione di Banche Italiane SpA (UBI) rejected Intesa Sanpaolo SpA’s unsolicited takeover bid as insufficient and increased its dividend estimate just days before the public offer is set to start. The value of the offer is “inadequate” and “penalizes the shareholders of UBI Banca compared with the shareholders of Intesa” the bank said in a statement on Friday. The …

Bloomberg Getting products from one place to another with as little human contact as possible is becoming an imperative for businesses as retailers, warehouses and transport providers adapt to the coronavirus pandemic, seeking to minimise the risk of infections to their employees and customers. Tsubakimoto Chain Co. is seeing more demand for its sorting and conveyor systems as companies seek …