Google is in advanced talks to buy a stake in Reliance Industries Ltd.’s digital arm Jio Platforms Ltd., according to people familiar with the matter.
The U.K. now offers lower returns on its debt than its Japanese peers, the latest sign investors are betting on further interest-rate cuts to stave off a deep recession.
Prime Minister Giuseppe Conte kept investors guessing over the fate of toll-road manager Autostrade per l’Italia SpA, ahead of a cabinet meeting due to consider the option of stripping away its highway concessions in a long confrontation with the Benetton family.
Saher Bin Jung, who ran Morgan Stanley’s flow credit trading operations for Asia, excluding Japan, has left the bank, a spokesperson confirmed on Tuesday without providing further detail.
Before the bankruptcies came the bonuses: $10 million at J.C. Penney Co., $25 million at Chesapeake Energy Corp., $1.5 million at Hertz Global Holdings Inc.
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