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Rolls-Royce plans sale of ‘engine’ unit

Bloomberg Rolls-Royce Holdings Plc has hired Deloitte to conduct the sale of its diesel and gas engine division Bergen, which could fetch up to 100 million pounds ($129 million), the Sunday Telegraph reported. Germany’s MAN SE and Finland’s Wartsila Oyj could be potential buyers and a sale is expected early next year, according to the report, which didn’t say where ...

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World’s largest wetland has worst fires on record

Bloomberg Brazil’s Pantanal wetlands, a fragile cradle of endangered species, burned at the fastest rate for the month of October since record keeping started in 1998, further damaging the country’s environmental credentials. At least 2,846 fire spots have been registered this month in the biome, surpassing a previous 2002 record, according to data from Brazil’s Spacial Research Institute, known as ...

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China’s mega listings intensify rivalry among stock exchanges

Bloomberg Ant Group Co.’s highly-anticipated initial public offering in Shanghai is set to intensify rivalry between the bourse and its competitor Shenzhen, as both aim for the top spot in China’s $9.9 trillion equity market. The megacities house two of the world’s largest 10 stock-exchange operators, and have for decades jostled to become the go-to destination for firms wanting to ...

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