The European Union, under pressure from Germany, will allow more generous state aid to 65 energy- intensive industries than earlier planned to help with the cost of boosting renewable sources, according to three people with knowledge of the matter.
UBS AG may receive full immunity from European Union currency-rigging fines after it was the first to approach antitrust regulators in the probe, sparking criticism that the bank has received enough forgiveness.
Vodacom Group Ltd., South Africa’s largest wireless carrier, is negotiating final details for a deal to buy local Web-access provider Neotel Pty Ltd. from Tata Communications Ltd., two people familiar with the matter said.
Alsea SAB, the operator of Starbucks and Burger King chains in Mexico, is surging to a record as Credit Suisse Group AG and Citigroup Inc. predict its acquisition of Vips restaurants will help double profit by 2015.
The European Union will fine automotive ball-bearings makers as soon as tomorrow in an antitrust settlement, said three people familiar with the case that led three firms to make provisions totaling more than $1 billion.