Zimbabwe plans to cancel duty on food imports to help cushion prices from the impact of potential crop shortages caused by the El Nino weather pattern, said Finance Minister Mthuli Ncube.
Indonesian President Prabowo Subianto formed his first Presidential Advisory Council on Friday, bringing 26 people — including billionaires, retired generals and religious leaders — into his widening circle of aides nearly two years into office.
Ukraine said it attacked one of Russia’s biggest oil refineries and a key hub in the country’s crude-pipeline network, intensifying its campaign against crucial infrastructure to limit Moscow’s ability to finance the war.
One corner of the Additional Tier 1 market stands out in the global bond selloff, where rising rates are squeezing banks with large property-lending businesses, hammering their riskiest debt.
Germany is studying legal changes to avoid a repeat of UniCredit SpA‘s takeover of Commerzbank AG, where the Italian suitor was able to discreetly build large derivatives positions and surprise the bank as well as the government.
US employment growth is expected to slow from August’s blockbuster numbers, with analysts expecting 90,000 jobs added for the month. Michael McKee has a preview on Bloomberg Television. (Source: Bloomberg)
Veronica Clark, US economist at Citi, sees the Federal Reserve becoming “increasingly divided” on raising interest rates and says the labor market “definitely has been more stable than we were expecting.” (Source: Bloomberg)
A selloff in global debt has fueled a rout that’s hitting harder and faster in France than anyone expected, with nerves fraying about missed deficit targets and policy gridlock.
The US jobs report is set be a macro highlight at a time when resilient data are supporting riskier assets while giving the Federal Reserve room to tighten policy to fight inflation. Economists estimate the reading will show nonfarm payrolls rose 90,000 last month after climbing in August by the most since March.
The Opening Trade has everything you need to know as markets open across Europe. With analysis you won't find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Anna Edwards, Guy Johnson and Tom Mackenzie. (Source: Bloomberg)
Bolivia quiere aprovechar la fiebre global por los minerales críticos, pero Paz enfrenta un obstáculo formidable: unos 500.000 mineros que pueden complicar sus planes para transformar el sector. (Source: Bloomberg)
A Kenyan consumer-rights group filed a petition challenging billionaire Aliko Dangote’s oil refinery planned for the port city of Lamu, the second such legal hurdle for the $16 billion project.
South Africa delayed by six months a request for proposals from private companies to build transmission lines, further slowing the expansion of the country’s electricity infrastructure.
The pilots who fought in the cockpit of a FlyDubai jet during an apparent murder-suicide mission were moved to the United Arab Emirates for further questioning while investigators seek additional information from the plane’s voice and data recorders to replay the fateful final hour of the flight.
The UK government is battling entrenched skepticism about its finances that is adding billions to borrowing costs and amplifying the pain of a global bond selloff.
Kim Crawford, global fixed income portfolio manager at JPMorgan Asset Management, discusses the outlook for French bond yields and why her firm is getting "more constructive" on longer-term debt. "Bonds typically sell off until something breaks, and something has broken," Crawford tells Bloomberg Television. (Source: Bloomberg)
Commodities trader Gunvor Group renamed itself Centalion Group Ltd. and plans to redomicile its corporate headquarters to Singapore, a shift for the firm’s new owners after historic ties to Russia drew the ire of the US Treasury last year.
French government bonds deepened this week’s slump, with investors demanding the biggest yield premium to hold the bonds over safer German debt since the region’s debt crisis.
Investors are set to shun riskier trades until the dollar’s recent surge shows signs of peaking, according to Bank of America Corp.’s Michael Hartnett.
