Bloomberg News
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Carney taps General Dynamics for $2 billion Canada armoured vehicle deal
Genera Dynamics Land Systsems-Canada is the first company to be designated as a defence industry strategic partner
Ontario Asks Canada to Ready Military for Fire Evacuations
Ontario has asked the Canadian government to prepare to expedite federal resources to support wildfire evacuations, including possible Armed Forces deployments.
European Stocks Post Small Gains After a Day of Volatile Trading
European stocks recouped the day’s declines to end modestly higher, with investors monitoring renewed geopolitical risks. ABB Ltd. fell 5.9% after a deal to buy British industrial components maker Rotork Plc.
Fed’s Schmid Says Inflation Too Hot, Above Target Too Long
Federal Reserve Bank of Kansas City President Jeff Schmid said inflation is his biggest worry given the risk of a further acceleration in the months ahead.
Apollo Bets on Mexico With $20 Billion Target for Private Credit
Apollo Global Management Inc. plans to put as much as $20 billion to work financing projects in Mexico as the giant asset manager seeks new outlets for its private credit business.
Maruti Suzuki to Challenge Consumer Court Order for Vehicle Replacement Over Ethanol Fuel Damage
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PwC and UK partner hit with £3M fine over Babcock audit
Uber agrees to buy Delivery Hero in $14.8 billion deal
Uber offered to pay $47.60 a share and will acquire Delivery Hero’s operations in 50 markets, the company said in a statement on July 16.
Canada’s Forgotten Shale Gas Play Reemerges as Oil Hot Spot
On the edge of the Canadian Rocky Mountains, companies including Obsidian Energy Ltd. and Yangarra Resources Corp. are breathing new life into a long-dormant gas reservoir — except now they’re drilling for oil.
Mahmood’s Economic ‘Blank Slate’ Key to Appeal as UK Chancellor
UK Home Secretary Shabana Mahmood’s edge over Energy Secretary Ed Miliband in the race to be appointed Andy Burnham’s Chancellor of the Exchequer appears to lie in one important quality: economically, she’s a blank slate.
BHP Posts Solid Full-Year Output, Sees Copper Decline Ahead
BHP Group Ltd. posted solid full-year production despite a weaker final quarter, though it warned copper output will fall in the year ahead as grades decline at its flagship Chilean mines.
Brookfield-Backed Data-Center Firm Raises $1.05 Billion in IPO
Csquare Inc. raised $1.05 billion after pricing its initial public offering below a marketed range on Wednesday.
Market Is So Risk-On That Path Higher Looks Tough
Bullish equity investors have embraced a Goldilocks scenario, driving risk-on sentiment to the point where it’s harder to identify what will trigger the next leg higher.
US Launches Fresh Strikes on Iran as Peril in Strait Deepens
The US launched more airstrikes on Iran after President Donald Trump pledged to intensify the bombardment until Tehran stops attacking ships in the Strait of Hormuz and agrees to open the waterway.
HSBC Upgrades Indian Stocks as Earnings Risk from Oil Subsides
HSBC Holdings Plc. raised Indian equities to neutral citing receding risks to earnings from oil prices and strong domestic consumption, reflecting strengthening confidence in the nation’s stock market.
UK Economy Grows as Services Defy Energy, Political Turmoil
The UK economy unexpectedly grew in May, suggesting that consumers and businesses were more resilient than feared in the face of political turbulence and higher energy prices.
DCC Gets Sweetened Bid From KKR, ECP After Drawn-Out Talks
KKR & Co. and Energy Capital Partners have sweetened their bid for DCC Plc to more than £5.7 billion ($7.7 billion) and bought extra time to complete what’s become a drawn-out takeover process.
Asian Refiners May Be the Surprise Winners of Fresh Fuels Crunch
Asian oil refiners are well placed to ship petroleum products to buyers in other regions, as renewed conflict in the Middle East and a ban on Russian diesel exports crimps supplies.
Citigroup’s Indian Clients Shift Focus to Rupee Volatility
Citigroup Inc. says its Indian corporate clients are expecting the rupee will keep weakening and are looking for products that will enable them to profit from its volatility.
Oil Steadies After Gains as Hormuz Ship Attacks Threaten Supply
Oil steadied after a three-day rally as the US carried out another round of airstrikes on Iran following a series of shipping attacks by the Islamic Republic this week.