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Bloomberg Australia & New Zealand Banking Group Ltd. is being sued by the securities regulator over a controversial 2015 share sale which is already the subject of criminal-cartel charges. The Australian Securities & Investments Commission alleges the lender breached continuous disclosure responsibilities by not informing the market that the joint lead managers of the sale took up approximately 25.5 million …

Bloomberg Patricia Moraes got lots of job offers after leaving JPMorgan Chase & Co. in January, but the only one she said “made my hands start to sweat” came from the billionaire families that run Magazine Luiza SA. Moraes said yes when the retail giant’s chairwoman, Luiza Helena Trajano, asked her to become one of the few women in Brazil …

Bloomberg Airbus SE replaced its head of sales after less than a year, adding to the rapid changeover at the top of the planemaker and highlighting the challenge of filling the shoes of inimitable predecessor John Leahy. Eric Schulz, who joined the European planemaker from Rolls-Royce Holdings Plc, will be succeeded by Christian Scherer, 56, an Airbus veteran who has …

Bloomberg Airlines and passengers over parts of Asia have been grounded as Typhoon Mangkhut belted Hong Kong with mammoth gales and rain before moving towards China’s Guangdong province. According to the Hong Kong Airport Authority, 889 flights were canceled Sunday because of the storm. The city’s Airport Express train and bus service were also suspended. Cathay Pacific Airways Ltd. said …

Bloomberg US retail sales rose by less than forecast in August following an upwardly revised July gain as purchases of automobiles and clothing fell, suggesting households took a breather from spending. The value of overall sales climbed 0.1 percent from the prior month after a 0.7 percent increase in July, Commerce Department figures showed. The median forecast of economists surveyed …

Bloomberg Elf Beauty Inc. is “just getting started,” according to CEO Tarang Amin. The low-price beauty brand has “tremendous white space opportunity” and there are multiple avenues to take — and the company’s ready to back with investments in marketing, Amin said in an interview at Bloomberg’s New York headquarters. “Any retailer we go into, we are among the most …

Bloomberg Legal & General Group Plc completed a $5.7 billion buy-in with the British Airways pension scheme in what it says is the largest-ever deal of its kind in the UK. The deal covers almost 22,000 pensioners and it includes the conversion of existing longevity insurance into a so-called bulk annuity. The company expects to announce further transactions in the …

Bloomberg Trade ministers for the world’s 20 largest economies said that they found an ‘urgent need’ to reform the World Trade Organization (WTO). Member nations recognize the need to ‘step up dialogue’ to mitigate risks, enhance confidence in global trade, and improve the WTO, they said in a statement released following meetings in Mar del Plata, Argentina. The meetings included …

Bloomberg Analysts covering Danske Bank A/S see a 33 percent chance that Chief Executive Officer Thomas Borgen will continue in his role through 2018. That probability falls to 25 percent when the same analysts were asked how likely it is that Borgen, 54, will still be running Denmark’s biggest bank in 2019. The Bloomberg survey is based on responses from …

Bloomberg Russian depositors who save in foreign currency can breathe a sigh of relief after central bank Governor Elvira Nabiullina said their money was safe, whatever new sanctions the US throws at state-owned banks. “We don’t see any kind of threat to foreign-currency deposits and we haven’t considered any kind of forced conversion,” Nabiullina said following the Bank of Russia’s …