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Banks Add Rare Lender Protection to Nestle Water Debt Deal

1 hour 40 minutes ago
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.
Eleanor Duncan and Kat Hidalgo

French Inflation Accelerates to Highest in Two Years

1 hour 42 minutes ago
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)