Philippine President Ferdinand Marcos Jr.’s veto of a planned economic zone covering San Miguel Corp.’s airport supports a drive to be more deliberate in granting tax incentives and shouldn’t alarm investors, his chief economic planner said.
A £15 billion ($18 billion) takeover approach led by KKR & Co. for the UK’s largest electricity distribution business collapsed, the Financial Times reported.
A giant aviation deal from China on Friday underscored how trade tension between Washington and Beijing can impact individual companies, with Boeing Co. left looking on as rival Airbus SE scooped up orders worth at least $37 billion.
Less than three weeks before embarking on a series of interest-rate increases, the European Central Bank is honing its plans to keep government-bond markets from panicking as it does so.
The collapse of Israel’s government will add pressure on the central bank’s governor to face down inflation, likely setting the stage for the most aggressive campaign of monetary tightening the country has seen in over a decade.
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