European shares fell, taking their cue from Asian markets as concern about the debts of Chinese real estate companies weighed on sentiment.
The chief executive of SBB, the company at the center of Sweden’s property crisis, says more capital will be needed despite the landlord securing 8 billion kronor ($720 million) in new funds from a deal with Canadian investor Brookfield Asset Management Ltd.
Aviva Plc is buying American International Group Inc.’s UK protection business for £460 million ($563 million) in a deal that would expand the UK insurer’s presence in the local market.
While the yen continues to slide, it’s doing so in the tightest monthly trading range in more than a year and a half as the threat of intervention from Japan keeps bears at bay.
Triton is looking to raise as much as €423 million ($450 million) from an initial public offering of industrial machinery maker Renk AG, adding to a late-year surge in listings activity in Germany.
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