The banker brawl with hundreds of millions at stake
Plus, a deal over Valentino with a Qatari fund sets Kering up for more transactions
Mergers & Acquisitions
Bank of Japan tweaks ultra-loose monetary policy
Bond yields jump after central bank revises limits on 10-year government notes
Central banks
Saudi Arabia makes mining foray with stake in Vale’s base metals division
Brazilian miner sells 13% slice of business to aid ‘energy transition’ in $3.4bn cash deal
Mergers & Acquisitions
Surf Air valuation slashed in first US direct listing in more than a year
Regional aviation group’s share plummets as it begins trading in New York
Electric vehicles
Lighter, sweeter, cruder, stronger
Oil refiners’ work is never over
Shale Oil & Gas
Kering buys 30% stake in Valentino from Qatari fund
French luxury group has option to buy full control of Italian fashion house within 5 years
Luxury goods
Big Tech races to give generative AI a central place
Apple, Amazon and Meta seek to incorporate machine learning into their operations
Social Media, Artificial intelligence
UK under fresh pressure to bring home nationals held in Syria
Relatives of Britons suspected of links to Isis call on government to step up repatriation efforts
Terrorism
St James’s Place: pall of duty clouds outlook for City’s top wealth manager
A little lightweight plucking is already under way on product management fees
Financial & markets regulation
Regulators announce ‘Basel III endgame’ rules for large US banks
New framework could cost the country’s six biggest lenders billions of dollars collectively
Financial & markets regulation