Business

U.S. billionaire George Soros will become a key shareholder in Spanish building and services company FCC (FCC.MC) following a 1 billion euro ($1.25 billion) rights issue aimed at paying down debt, a source with knowledge of the matter said on Friday.

Brazil's federal police were serving 27 additional arrest warrants on Friday in a broad money-laundering investigation that has ensnared a former senior executive at oil firm Petrobras, causing it to delay releasing its results.

Swedish defense firm Saab (SAABb.ST) has submitted a bid to build new submarines for the Australian defense ministry, Swedish media reported.