Assets under management in the European fund industry decreased from €12.3 trillion on December 31, 2019, to €12.0 trillion on September 30, 2020, according to…

UBS, the world’s largest wealth manager, said it has launched UBS Next, a $200 million portfolio that targets investments in fintech and the “broader tech…

German chemicals giant Bayer AG said on Monday it agreed to acquire US biotech company Asklepios BioPharmaceutical Inc. (AskBio) for as much as $4 billion in…

Bilbao-based renewable energy giant Iberdrola said on Wednesday its US business Avangrid Inc. agreed to agreed to buy PNM Resources Inc. of New Mexico for…

By Mark McSherry There was record demand on Tuesday for the European Union’s first coronavirus-related bonds. The sale of €17 billion of 10-year and 20-year…

The European Commission said on Tuesday it is launching “infringement procedures” against Cyprus and Malta by issuing “letters of formal notice” regarding their investor citizenship…

Finland’s Nokia said it has been selected by NASA to build the first cellular network on the moon. “Nokia Bell Labs’ pioneering innovations will be…

€1 billion in new financial resources will be made available to Italy’s small and medium-sized enterprises (SMEs) and mid-caps thanks to an agreement between the European…

UK-listed SDCL Energy Efficiency Income Trust plc (SEEIT) said it agreed to acquire Värtan Gas Stockholm AB (VGSAB) in a deal that involves an equity…

Sanjeev Gupta’s Liberty Steel Group, part of the UK-based GFG Alliance, said on Friday it has made a non-binding indicative offer (NBIO) to acquire the steel…

Ryanair said on Thursday it will cut its planned winter capacity down to 40% of last year due to a wave of travel restrictions imposed…

Enel Finance International N.V. (EFI), the Dutch-registered finance company controlled by Italy’s Enel, Europe’s biggest utility, successfully launched a single-tranche “sustainability-linked bond” for institutional investors…

INWIT (Italian Wireless Infrastructures) said it successfully concluded its second bond issue for a total of €750 million — with market demand exceeding four times the…

Germany’s Energie Baden-Württemberg AG (EnBW) said it issued a senior bond with a principal amount of €500 million. The bond issue has a 10-year term…

The European Investment Bank (EIB) has approved €5.1 billion of new financing to support investment by companies most impacted by COVID-19, “alongside backing clean energy,…

A World Trade Organization (WTO) ruling on Tuesday gave the European Union the right to impose tariffs on $4 billion of US goods in retaliation…

Shares of Poland-based ecommerce platform Allegro soared more than 50% on their debut on the Warsaw stock exchange on Monday to give the firm a…

London Stock Exchange Group plc (LSEG) said on Friday it agreed to sell Borsa Italiana to Euronext NV and two Italian lenders for more than…

Denmark’s Danske Bank said on Thursday it will cut up to 1,600 jobs in the next year as part of a cost reduction programme that…

The International Finance Corporation (IFC), a member of the World Bank Group, said it issued its largest-ever pound sterling benchmark bond, raising £1 billion to…

The European Commission said on Wednesday its SURE unemployment scheme, one of the coronavirus recovery plans for EU member states, would be financed in full…

Swedish telecoms giant Telia Company AB said it agreed to sell its international carrier business Telia Carrier to pension fund Polhem Infra in a deal worth about 9.45…

Japan’s NEC Corp said on Monday it will buy unlisted Swiss financial software company Avaloq Group AG for 2.05 billion Swiss francs ($2.2 billion). NEC…

The European Central Bank (ECB) on Friday took a step closer to issuing a digital version of the euro currency. The ECB said it published…

The latest EY Financial Services Brexit Tracker shows financial services firms have continued to move staff out of the UK ahead of Brexit deadline, with…