Bloomberg Jaguar Land Rover (JLR) will slash its manufacturing capacity by 25% over five years and write off investment in products it’s decided to scrap under new Chief Executive Officer Thierry Bollore. The British carmaker will take a non-cash charge of about 1 billion pounds ($1.4 billion) in the quarter ending in March related to higher previous spending and projects ...

Bloomberg European credit markets have just completed a round-trip recovery from peak pandemic fear. Borrowing costs are retreading pre-crisis levels, with confidence in an economic recovery sparking double-digit gains in the riskiest debt. Healthier balance sheets are turning 2021 into the year of the rising star as more companies re-establish investment-grade credentials — the reversal of 2020’s swell of fallen-angel ...

Bloomberg Investors will soon discover if Hong Kong’s Hang Seng Index will undertake one of the biggest overhauls in its 51-year history, a move that would impact tens of billions of dollars in funds tracking the stock benchmark. On Monday, Hang Seng Indexes Co. will offer its conclusion after an industry consultation over proposed measures to the city’s stock benchmark, ...