AS Roma and Nike Inc. are set to sign a long-term pact for the world’s largest supplier of sporting goods to produce and market the Italian soccer team’s apparel around the world, according to two people familiar with the situation.
Drake & Scull International PJSC, the Dubai-based company which raised $120 million in a loan coordinated by Goldman Sachs Group Inc. in November, plans an acquisition in Saudi Arabia and expansion in India and North Africa to help diversify revenue.
European stocks were little changed, erasing an earlier retreat for the region’s benchmark Stoxx Europe 600 Index, as U.S. industrial production climbed and Goldman Sachs Group Inc.’s earnings topped estimates.
HSBC Holdings Plc ’s Swiss private bank said new money from Asia offset first-half client outflows from Europe as tax authorities in France and Italy scrutinize account details stolen by a former employee.
The worst plunge in China’s stocks in more than a year is a buying opportunity for investors as the country’s benchmark index may advance as much as 15 percent by June, according to HSBC Private Bank’s Arjuna Mahendran .
Banks may have to disclose profits from carry trades derived from 1 trillion euros ($1.3 trillion) in European Central Bank loans and exclude the money from bonus pools, under draft proposals from European Union lawmakers.