Firms issued $11 bln of bonds that can switch into shares in July, a post-2007 record. With stocks near all-time highs, ...

The $234 bln KitKat maker ousted Laurent Freixe for having a secret relationship with a subordinate. New boss Philipp ...

Monte dei Paschi raised its offer for 17-bln-euro Mediobanca, potentially helping it win control. Hostile bids for lenders are hard and have mostly failed of late. This one has backing from powerful ...

The currency hit a record low against the US dollar. That will cushion earnings of exporters hit by punitive US tariffs, but the rupee remains overvalued. Foreign investors used to much smaller ...

Forgive U.S. military contractors their god complex: after all, their resurrection and rebirth followed what became known as the “last supper”. On July 21, 1993, Deputy Secretary of Defense William ...

China's economy is a study in contradictions. Decades of centralised industrial planning in China have led to endemic overcapacity, which in turn has fuelled destructive price wars across an array of ...

Eight years after buying in, Bain and Cinven are selling a majority stake to CapVest in a deal that values the German drugmaker at $12 bln. If Stada grows as planned the duo will benefit. But their ...

Borrowing costs across the bloc’s longtime members have converged to levels rarely seen since 2008. The gap between highest and lowest is now just under 90 basis points. Yet while risks have faded in ...

Governments usually intervene in the market to encourage competition. Chinese authorities are doing the opposite. An official campaign seeking to end excessive corporate rivalry has spurred hopes of ...

The US president is getting his way with weak entities like the EU. But China, Russia, India and the Federal Reserve have so far stood firm, while court rulings may frustrate his tariff plans.

The $4 trln titan's ubiquitous chips boosted quarterly revenue by 56%. But trade war tussles imperil an estimated $50 bln ...

Shares in the $12 bln group have surged more than 350% since it bought the UK telco’s Spanish business last year. That’s down ...