Bloomberg Reports of the death of the sovereign-bank “ doom loop” are greatly exaggerated. Italian government bonds have blown up, with the yield on two-year notes skyrocketing by as much as 192 basis points on Tuesday to the highest level since 2012. Spreads on subordinated de-bts from euro-area financial companies, meanwhile, have jumped in sympathy as Rome’s political turmoil reverberates …

Bloomberg Bombardier Inc. will build two new private planes in response to growing demand for large-cabin business jets. The Global 5500 and Global 6500 aircraft will come equipped with redesigned cabins, an optimised wing and all-new Rolls-Royce engines, Bombardier said in a statement. The models, which will have ranges of 5,700 and 6,600 nautical miles, respectively, will likely enter service …

Bloomberg JAB Holding Co. agreed to buy sandwich chain Pret A Manger, adding a UK business to its portfolio of coffee and food brands that includes Panera Bread Co. and Au Bon Pain. JAB and the seller, private equity firm Bridgepoint Advisers Ltd., didn’t disclose the terms of the deal in a statement. The price is about $2 billion, including …

Bloomberg A new Nordic raider is about to descend on Europe’s leading airlines in the shape of a little-known carrier that’s the launch customer for Airbus SE’s latest jetliner. Primera Air, a specialist in holiday flights from Denmark run by Icelander Hrafn Thorgeirsson, aims to take delivery of the first long-range version of the A321neo narrow-body plane in October and …

Bloomberg Steinhoff Africa Retail Ltd. extended a two-day fall to more than 10 percent after the continent’s biggest clothing retailer said it won’t pay a half-year dividend and announced charges related to its scandal-hit parent company. The owner of clothing chains including Pep and Ackermans was spun off by Steinhoff International Holdings NV three months before the majority shareholder reported …

Bloomberg PepsiCo Inc. is placing another bet that American nibblers want healthier options with the purchase of baked fruit and vegetable snackmaker Bare Foods Co. The maker of Mountain Dew and Cheetos inked a deal to buy the San Francisco-based creator of products including beet chips and baked apple crisps. The terms of the deal weren’t disclosed. PepsiCo, which has …

Bloomberg PetroChina Co. rallied the most in two years after regulators unveiled a new gas market policy that harmonises prices for different users and is seen as an earnings boost for the nation’s biggest producer and importer of the fuel. The company’s Hong Kong-traded shares closed 6.5 percent higher in reaction to an announcement that the pricing mechanism for gas …

Bloomberg Sliding oil prices are eroding the buffers that helped Russia withstand the emerging-market retreat. Investors are pulling cash from the biggest exchange-traded fund tracking Russian assets at the fastest pace in almost a year. Redemptions from the VanEck Vectors Russia ETF, which invests in oil and gas companies including Gazprom PJSC, Rosneft PJSC and Lukoil PJSC, reached $88.9 million …

Bloomberg US equity futures followed Asian shares higher on signals an America-North Korea summit is back on track, but risk appetite waned in Europe as Italy’s political outlook darkened. The region’s stocks and common currency both surrendered gains. S&P 500 futures advanced, as did South Korean stocks, after President Donald Trump appeared to confirm that his June meeting with Kim …

Bloomberg Chaos ruled Italian markets as the nation plunged deeper into political turmoil. Yields on the nation’s two-year bonds surged to the highest in four years in holiday-thinned trading, while stocks slumped for a fourth day as President Sergio Mattarella asked economist Carlo Cottarelli to form a government. Earlier League leader Matteo Salvini said that it made no sense for …