Bloomberg After failing with an initial public offering of its infrastructure unit, Telefonica SA is likely to test investors’ appetite again with the sale of its U.K. mobile-phone business, only this time with a possible twist. The Spanish phone carrier is considering whether to set aside part of an initial public offering of U.K. mobile operator O2 for individual …

  Bloomberg While the world around it frets over ultra-low interest rates, Iceland’s fish export industry is rooting for another rate cut to maintain market share amid a strengthening krona. “The appreciation of the krona is a large factor in the operations of fishing companies and can impact their bottom line,” Heidrun Lind Marteinsdottir, managing director of Fisheries Iceland, an …

  Washington / AFP Donald Trump declared a loss of nearly $1 billion on his 1995 income tax return, allowing him to legally avoid paying taxes for almost two decades, according to documents obtained by The New York Times. The revelations come after the outspoken Republican presidential candidate repeatedly refused to make his tax filings public, the first candidate to …