The BoJ is playing a blinder
(Not a headline we thought we’d ever write)
Central banks
BASF slashes investment budget on lower demand
World’s biggest chemicals group says it has ‘more projects than money’ amid ‘stress’ in sector
Chemicals
IG Group to cut 10% of workforce
Online trading provider says efficiency measures will result in annual cost savings of £50mn by 2026
Travel & leisure industry
Oil industry megadeals open fee gusher for Wall Street advisers
Morgan Stanley and Goldman Sachs the biggest winners as energy industry bucks M&A downturn
Mergers & Acquisitions
Vodafone to sell Spanish business to Zegona for up to €5bn
Sale to UK investment fund comes as telecoms group aims to improve its competitiveness
Mergers & Acquisitions
China leads record central bank gold buying in first nine months of year
Central banks in emerging markets look to reduce reliance on US dollar for reserves holdings
Central banks
Bank of Japan loosens control of bond yields
Central bank eases policy as weakening yen and persistent inflation put pressure on governor Kazuo Ueda
Central banks
The world needs a better cross-border payments network
Linking the multitude of systems would make transferring money cheaper, faster and more transparent
Fintech
The struggles of the offshore wind industry
Governments around the world have set ambitious targets to tackle climate change, but developers say power prices will have to rise to pay for it
Renewable energy
The roadblock to a $69bn mega-deal
Plus, Elliott’s bet on Western Digital comes under pressure and companies’ favourite new way to strike a private equity deal
Mergers & Acquisitions