June, 2022

• 7 June

  Kohl’s shares increase on talks with Franchise over $8bn bid

  

    Bloomberg Kohl’s Corp shares rose in early trading after the retail chain and Franchise Group Inc said they entered exclusive talks on a potential $8 billion takeover deal. The companies said in separate statements that they entered a three-week exclusivity period to discuss Franchise Group’s offer to buy Kohl’s for $60 a share. Kohl’s shares rose 9% to $45.90 ...

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• 7 June

  Amazon’s stock split delivers more than bargained for

  

  Bloomberg Stock splits were all the rage early this year as indexes hovered near record highs, with companies from Amazon.com Inc. to Alphabet Inc announcing them to make their share prices more alluring to individual investors. A few months on, the market has taken care of the problem. Amazon is among companies whose stocks have tumbled since the moves were ...

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• 7 June

  Ryanair orders South Africans to take special quiz to enter UK

    Bloomberg Ryanair Holdings Plc is ordering South Africans traveling to the UK to complete a list of questions in Afrikaans to prove their identity — only one of 11 official languages spoken in the country. Europe’s largest low-cost airline imposed the measure to prevent the use of fraudulent passports, the company said in a statement. “If they are unable ...

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• 7 June

  Garuda eyes rights issue after creditors’ deal

    Bloomberg PT Garuda Indonesia plans to raise money via a two-stage rights issue, as the indebted airline looks to salvage itself. After the carrier and its creditors come to agreement on its debt, the Indonesian government will inject 7.5 trillion rupiah ($520 million) via a first rights issue, Deputy Minister of State-Owned Enterprises Kartika Wirjoatmodjo told a parliamentary hearing. ...

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• 7 June

  Germany prepared to boost Baltic troop presence: Scholz

  

  Bloomberg Chancellor Olaf Scholz said Germany is ready to deploy more troops to the Baltics as part of a Nato effort to build up its eastern flank in the face of Russia’s invasion of Ukraine. Baltic leaders had urgently pushed for an increased troop deployment to mount a stronger defense against a Russian threat — and the German move would ...

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• 7 June

  Macron’s rivals back his Russia stance in row with Ukraine

  

  Bloomberg French President Emmanuel Macron’s fiercest domestic rivals are standing by him in a fresh row with the government in Kyiv over his calls not to shame Russia. Tensions between France and Ukraine worsened over the weekend after Macron told a national newspaper that allies shouldn’t “humiliate” Moscow to improve the chance of reaching a peaceful solution to its invasion ...

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• 7 June

  Johnson clings to power, but question is for how long

  

  Bloomberg Boris Johnson sought to draw a line under the controversy that’s been threatening his leadership, though the scale of a mutiny against the British prime minister suggests his days may be numbered. The deep discontent within his Conservative Party was laid bare, when 211 Tory MPs backed Johnson in a confidence motion — but 148 voted against him. The ...

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• 7 June

  China fabricated quotes from diplomats on Xinjiang: US

  

    Bloomberg The US hit back at China over a social media post claiming American officials in Guangzhou downplayed allegations of human rights abuses, saying the behaviour puts Washington’s envoys at risk. A spokesperson for the US Embassy in Beijing said that China should “stop attributing false statements to US officials or taking other actions that might subject our diplomats ...

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• 7 June

  ECB to herald new policy era with path to fight inflation

  

    Bloomberg The European Central Bank (ECB) will begin a new era of monetary policy this week as officials complete their pivot to confront the threat of inflation running out of control. Armed with new forecasts and with prices rising at a record pace, President Christine Lagarde and her colleagues will end trillions of euros of asset purchases and cement ...

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• 7 June

  Goldman returns to ESG debt market with $700mn deal

  

    Bloomberg Goldman Sachs Group Inc. raised $700 million in the US investment-grade market to help fund environmental and social initiatives, its first benchmark sustainable-bond sale in over a year. The New York-based lender sold a sustainability bond maturing in five years, according to a person with knowledge of the matter. The self-led deal yields 1.35 percentage points above Treasuries, ...

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