Goldman and Deutsche Bank Turn French Election Into Bond Trade

Rate hikes, elections, fiscal concerns threaten to upend markets.

Novartis saw a treatment for a rare muscle-wasting disease fail a late-stage study, the third clinical-trial setback in a week. The medicine was the centerpiece of Novartis’s $12 billion takeover of Avidity Biosciences…

David Cowan, Africa Economist at Citi Research, says South Africa has yet to turn the corner on growth, with the economy showing resilience rather than a strong acceleration. He also says Zimbabwe’s recovery is…

Franklin Templeton Inc. is buying a majority stake in Stoneshield Capital, a European investment firm specializing in real estate and infrastructure, in the latest move by the US money manager to expand further into…

UniCredit SpA has acquired a minority stake in German lending markets platform VC Trade as the Italian bank seeks to expand its digital capital markets capabilities in debt transactions.

Viridis Mining and Minerals Ltd. secured Brazilian government funding for a rare-earth project, as the country seeks to tap more of the world’s largest reserves outside China.