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EMEA Morning Briefing : Steady Gains Likely for -2-

09/22/2021 | 12:43am EDT

Beijing has faced pressure from the U.S., the European Union and environmental groups for having continued to finance and build coal-fired power plants in many developing countries, even as it said it would cut greenhouse emissions at home.

DraftKings Makes Bid for Gambling Company Entain

U.S. sports-betting operator DraftKings Inc. has made a cash and stock offer for global gambling company Entain PLC in a deal valued at more than $20 billion, according to people familiar with the matter.

The move would give DraftKings a fast expansion into international gambling markets, with Entain's licenses to operate in 27 countries and its online technology. The deal could face hurdles, as Entain is a key partner to one of DraftKings' biggest rivals, MGM Resorts International, which said that completing the deal would require its support.

Swedbank Launches Search for New Compliance Chief

STOCKHOLM-Swedbank AB said Tuesday it has launched a search process to find a new chief compliance officer after its current compliance officer, Ingrid Harbo, decided to retire.

Ms. Harbo, who has been a member of the Swedish bank's group executive committee since 2019, will leave the company on March 31, 2022, and remain in her role until then, Swedbank said in a statement Tuesday.

Write to paul.larkins@dowjones.com

Expected Major Events for Wednesday

04:30/NED: Sep Consumer confidence survey

04:30/NED: Jul Consumer Spending

06:00/DEN: Sep Consumer expectations

07:00/SWI: 2Q Balance of Payments

07:00/SPN: Jul Industrial Orders & Turnover

08:00/GER: Ifo Economic Forecast

09:00/ITA: Jul Industrial turnover & orders

09:00/MLT: Aug RPI

10:00/IRL: Aug WPI

12:00/POL: Aug Broad money M3

14:00/EU: Sep FCCI Flash Consumer Confidence Indicator

14:00/DEN: Aug Central Government Finance & Debt

All times in GMT. Powered by Kantar Media and Dow Jones.

Write to us at newsletters@dowjones.com

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This article is a text version of a Wall Street Journal newsletter published earlier today.

(END) Dow Jones Newswires

09-22-21 0042ET

Latest news "Economy & Forex"
Latest news "Economy & Forex"