Bloomberg Markets
Elon Musk said it’s a “good idea” to combine his rocket and car companies.
Bloomberg Markets
KKR & Co.’s co-head of European private equity, Philipp Freise says Germany is offering a safe and stable environment for investment while other parts of the world face crises. Speaking to Bloomberg's Francine Lacqua on the sidelines of the Berlin Global Dialogue, Freise pointed to positive signs from Chancellor Friedrich Merz’s reform on pensions. (Source: Bloomberg)
Bloomberg Markets
Beset by a selloff in Treasuries that’s sent benchmark yields to multidecade highs, the US government is finding itself increasingly dependent on investors who only buy if the price is right.
MarketWatch
AI is not a bubble, says Google’s former CEO. It’s real growth, real money, real customers paying for something useful.
Bloomberg Markets
Elevance Health Inc. raised its full-year profit guidance after a better-than-expected third quarter and signaled earnings next year would top current Wall Street estimates, a sign of growing confidence as the healthcare giant rebuilds profits in its insurance business.
Financial Times
Proliferation of rightwing parties leads to infighting ahead of vote
Bloomberg Markets
Intesa Sanpaolo SpA is working on significant risk transfers to hedge more than €5 billion ($6 billion) in assets, signaling continued demand for the higher-risk instruments despite concerns in markets about debt and geopolitical tensions.
Bloomberg Markets
Secretary of State Marco Rubio defended the Trump administration’s support for Ukraine on Wednesday during a visit to India. Rubio told reporters the nation “as a sovereign state would not exist” without assistance from the US. Mica Soellner of Bloomberg Government has more. (Source: Bloomberg)
Financial Times
The world’s richest man attempts his most audacious deal yet. But shareholders and global regulators will need convincing
Bloomberg Markets
India’s central bank rejected all bids at a sale of federal treasury bills on Wednesday amid a bond selloff that pushed borrowing costs to multi-year highs.
Bloomberg Markets
Aliko Dangote’s company bought 25% of Kenya Pipeline Co. as Africa’s richest man expands his energy empire across the continent.
Bloomberg Markets
Investors demanded a higher premium to hold French government bonds as concerns over the country’s fiscal outlook weighed on the market.
MarketWatch
“I don’t want to enter retirement owing six figures when we have the cash to clear it.”
Bloomberg Markets
Warburg Pincus is considering a sale of Chinese car park operator Sunsea Parking Industry Group, according to people familiar with the matter.
Bloomberg Markets
The cost of hedging against swings in the pound versus the euro rose to the highest in five months as traders position for next week’s UK Budget.
Bloomberg Markets
Indian Oil Corp. plans to reduce the amount of crude purchased under term contracts with Middle Eastern producers next year, according to a person familiar with the matter, as attacks in the Persian Gulf continue to threaten supply routes.
MarketWatch
The sprawling Texas estate where boxing legend George Foreman spent the final decades of his life has hit the market for $6 million—offering a rare glimpse inside the private world of the heavyweight champion.
NY Times Business
Ron Wyden, ranking Democrat on the Senate Finance Committee, is investigating the firms over their role in helping corporations dodge billions in taxes.
NY Times Business
A boardroom fight, an attempted veto and government intervention have plunged the Tata Group, one of India’s most revered institutions, into a fight over its future.
NY Times Business
The island adopted quotas for women running for public office decades before other countries. The upshot? Today, few of them need quotas to get elected.