Business

Tax preparer H&R Block Inc said on Sunday that its deal to sell its bank to BofI Federal Bank will not be approved by regulators before next year's tax season.

Brazil's TIM Participações SA (TIMP3.SA) has hired Banco Bradesco SA's (BBDC4.SA) investment banking unit to analyze a potential bid for rival Grupo Oi SA (OIBR3.SA), a source with knowledge of the situation told Reuters on Friday.

A long-awaited French corporate trial involving allegations of insider trading in the shares of Airbus Group got under way on Friday, marking the climax of an eight-year investigation.