Banca Monte dei Paschi di Siena Chief Executive Officer Luigi Lovaglio tells Bloomberg Television he is confident shareholders will recognize the value of his twin takeover offers for Banco BPM and Banca Generali. "We are building an Italian champion," Lovaglio says. The CEO needs support from at least two thirds of the votes cast at a shareholder meeting on Oct. 29 to proceed with his plan. Lovaglio speaks to Bloomberg's Francine Lacqua. (Source: Bloomberg)
Ken Griffin is donating $3 billion to Carnegie Mellon University, including funding for a new Miami campus, in the largest single gift ever to a US university and the latest expansion of his influence in South Florida. Janet Lorin reports. (Source: Bloomberg)
Colombia’s central bank is expected to hold interest rates Wednesday in a split decision, though analysts still see policymakers resuming hikes later as inflation pressures persist.
Strong earnings are keeping equities on solid ground, but a deeper acceleration in the fall in bonds could quickly test that resilience, according to Peter Oppenheimer at Goldman Sachs Group Inc.
Matt Clinch, Anna Edwards, Guy Johnson and Tom Mackenzie
Banca Monte dei Paschi di Siena SpA Chief Executive Officer Luigi Lovaglio said he’s confident shareholders in his bank as well as the two lenders he seeks to acquire will recognize the value of his twin takeover offers.
Coca-Cola Co. is considering filing a draft prospectus in December for an initial public offering of its Indian bottling unit, according to people familiar with the matter.
Hao Dong, a former commodity portfolio manager at Singapore’s sovereign wealth fund GIC Pte., is starting a hedge fund that is seeking to raise as much as $300 million to invest in raw materials and other assets.
A group of banks led by Bank of America Corp. and Deutsche Bank AG offered a rare concession to help get a €2.8 billion ($3.2 billion) financing deal for Platinum Equity’s acquisition of a stake in Nestle SA’s water business across the line.
Inflation in France quickened to the fastest pace in more than two years as surging oil and natural gas costs continue to weigh on Europe’s economy. Inflation in the euro area’s second-biggest economy stood at 3.4% in September, up from 2.6% in August, statistics agency Insee said. The reading keeps pressure on the European Central Bank to continue raising interest rates. Bloomberg's Oliver Crook has the details. (Source: Bloomberg)
The German government has instructed state-owned energy company SEFE Securing Energy for Europe GmbH to procure and store natural gas in the coming weeks as the region faces pressure to bolster unusually low inventories before winter.
Airbnb Chief Experience Officer Hiroki Asai explains how the company seeks to drive deeper brand engagement through real-world experiences. (Source: Bloomberg)
Singaporean state-owned investor Temasek Holdings is expanding operations across the Middle East, with plans to open new offices in Saudi Arabia and the United Arab Emirates from next year as it ramps up investments despite geopolitical tensions in the region.
Tullow Oil Plc shares fell by more than a third after the company lost an arbitration case over taxes on fields in Ghana that account for the bulk of its production.
Anna Edwards, Guy Johnson, Tom Mackenzie and Mark Cudmore break down today's key themes for analysts and investors on "Bloomberg: The Opening Trade." (Source: Bloomberg)
A US fund has filed a criminal complaint in Switzerland accusing Radiant World and related companies of fraud and money laundering, according to a US court filing, adding a new jurisdiction to the iron ore trader’s escalating legal and financial crisis.
Rufaro Chiriseri, head of fixed income for Europe at RBC Wealth Management, discusses the outlook for Treasury yields and Federal Reserve policy. "6% on the on the 30-year is not a level that seems to be wildly out of any possibility," Chiriseri tells Bloomberg Television. "We still expect that yields could still continue to trend higher from here." (Source: Bloomberg)
A measure of French bond risk reached another milestone as investors position for political upheaval next year and the potential for a populist government to loosen the purse strings.
A nascent recovery in Chinese oil demand has begun to falter, as continued fighting in the Middle East and limited Iranian supply keep crude prices too high for private refiners, prompting some analysts to trim forecasts for the coming months.
