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1 week ago | 
news.bloombergtax.com | Macarena Muñoz |Daniel Basteiro
XYour Choices Regarding Cookies and IdentifiersWe and our 150 third party partners use cookies and similar technologies ("Cookies") and hashed identifiers (e.g., a hashed version of your name, email address or phone number) to help us identify you on our site and third-party sites and to process certain information, such as your IP address and digital identifiers, to analyze site usage and provide you with relevant advertisements and content.
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2 weeks ago | 
finance.yahoo.com | William Mathis |Thomas Gualtieri |Macarena Muñoz
William Mathis, Thomas Gualtieri and Macarena Muñoz Tue, Apr 29, 2025, 5:10 AM 3 min read (Bloomberg) -- Spain’s grid operator offered the most detailed account yet of the events that led to a blackout that spilled over to Portugal, describing a series of disruptions over just a few seconds that plunged the country into darkness for hours.
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2 weeks ago | 
news.bloombergtax.com | Macarena Muñoz |Rodrigo Orihuela |Daniel Basteiro
Spanish Prime Minister Pedro Sanchez warned of a “long night ahead,” as the worst blackout to hit Europe in over a decade approached the 12-hour mark with no cause clearly identified and an uncertain timeline for the full restoration of power. Spain and Portugal were hit with a massive power outage just after midday on Monday, crippling travel, disrupting communication networks and businesses across the region, with several oil refineries reporting production halts.
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2 weeks ago | 
news.bloombergtax.com | Laura Millan |Macarena Muñoz |Thomas Gualtieri |Daniel Basteiro
Sharp swings in power caused a network outage that left most of Spain and all of Portugal in the dark on Monday, making it the worst blackout in Europe in years. While some areas across Spain gradually came back online in the afternoon, restoring all supply in the country will take until at least the evening, according to grid operator Red Electrica.
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1 month ago | 
news.bloombergtax.com | Macarena Muñoz |Julien Ponthus
European stocks tumbled into a correction on Friday as China retaliated against US tariffs, escalating the global trade war. The Stoxx Europe 600 Index slid 5.1% at the close in London, recording its worst weekly drop since the outbreak of the Covid-19 pandemic five years ago. Indexes in Italy, France, Switzerland and Germany were also in correction territory after news that Beijing would impose a 34% tariff on all imports from the US, starting April 10.
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1 month ago | 
news.bloomberglaw.com | Dinesh Nair |Macarena Muñoz
Brookfield Asset Management Ltd. has revived talks with Grifols SA’s main shareholder about a potential offer for the Spanish blood-plasma company following a failed attempt last year, according to people familiar with the matter. Brookfield has been holding discussions with the Grifols family, which holds about 35% of the firm, said the people, who asked not to be named. Talks are ongoing and it’s unclear if Brookfield will go ahead with a formal offer.
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1 month ago | 
bnnbloomberg.ca | Dinesh Nair |Macarena Muñoz
Brookfield Asset Management Ltd. has revived talks with Grifols SA’s main shareholder about a potential offer for the Spanish blood-plasma company following a failed attempt last year, according to people familiar with the matter. Brookfield has been holding discussions with the Grifols family, which holds about 35% of the firm, said the people, who asked not to be named. Talks are ongoing and it’s unclear if Brookfield will go ahead with a formal offer.
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1 month ago | 
news.bloombergtax.com | Macarena Muñoz |Allegra Catelli
Two of the longest-serving fund managers at GAM Holding AG are leaving, as the Swiss asset manager outsources its emerging-market debt strategies to Gramercy Funds Management LLC. Emerging markets debt fund manager Paul McNamara will retire this year, according to a GAM statement on Monday. The asset manager also announced the strategic partnership to delegate the business to Gramercy, which is chaired by Mohamed A. El-Erian.
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1 month ago | 
news.bloomberglaw.com | Macarena Muñoz |Allegra Catelli
Two of the longest-serving fund managers at GAM Holding AG are leaving, as the Swiss asset manager outsources its emerging-market debt strategies to Gramercy Funds Management LLC. Emerging markets debt fund manager Paul McNamara will retire this year, according to a GAM statement on Monday. The asset manager also announced the strategic partnership to delegate the business to Gramercy, which is chaired by Mohamed A. El-Erian.
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1 month ago | 
ca.finance.yahoo.com | Macarena Muñoz |Michael Msika
(Bloomberg) -- The rally in European banking stocks shows few signs of cooling down after another stellar quarter. • None Why Did the Government Declare War on My Adorable Tiny Truck? • None These US Bridges Face High Risk of Catastrophic Ship StrikesThe Stoxx 600 Banks Index has surged 25% this year, its best three months since 2020. That’s made it the top-performing sector in Europe by far as investors keep increasing their exposure, and strategists see more gains ahead.
