The Zambian kwacha fell as much as 6% on Tuesday, its biggest daily drop in more than three years, as corporate demand for dollars weighed on this year’s top-performing African currency.
Segantii Capital Management’s founder Simon Sadler returned to a Hong Kong court this week, as the prosecution delivered its closing argument in a high-profile insider trading case that has gripped the city’s hedge fund community.
Bei Hu, Julia Fioretti, Katherine Doherty and Kiuyan Wong
India’s markets regulator called Jane Street Group LLC’s demand for additional documents a “dilatory” tactic, a day after the Wall Street trading giant pressed for more information about the origins of the investigation against it.
Credit traders are quoting Merlin Entertainments Ltd.’s private loans far above the distressed prices of the leisure-park operator’s existing securities, reflecting the value investors place on debt backed by prized UK assets like the London Eye.
Sushi restaurants are swapping soft music and carefully plated fish for the spectacle of breaking down 200-pound bluefin tuna in front of paying customers. Some are charging well into five figures to buy out the restaurant for the night. Sunny Kim reports. (Source: Bloomberg)
A US ban on diesel exports could result in higher prices in some parts of the country as well as causing issues with other nations that rely on American supplies, Chevron Corp. Chief Executive Officer Mike Wirth said on Tuesday.
The European Union will look to appoint a market operator to help the bloc procure energy as it struggles with a second price crisis in less than five years.
Cuando Cuba sufrió su séptimo apagón nacional del año, la fiesta siguió en La Campana, un centro de eventos de La Habana. Sus paneles solares y baterías de respaldo mantuvieron las luces encendidas, y los invitados ni siquiera se dieron cuenta del corte.
Nomura is turning more bullish on South Korean bonds, raising its conviction level on receiving a 5-year Korea non-deliverable interest-rate swap position starting in 2027.
Shanti Kelemen, co-chief investment officer at 7IM, discusses the outlook for European stocks, stating that strong corporate earnings remain the market's main support. "I think the levels right now are probably close to as good as it gets. But the thing is that even though there are some sectors that are extremely high, there's other sectors that are lower and probably can pick up," Kelemen says on Bloomberg Television. (Source: Bloomberg)
20 weeks into the Ebola virus outbreak, health workers have managed to tamp down some of the early hotspot but the virus is still spreading in the Democratic Republic of Congo, putting experts under mounting pressure. Jennifer Zabasajja, Bloomberg’s Chief Africa correspondent reports. (Source: Bloomberg)
Air Liquide SA attracted strong demand for a sale of euro-denominated bonds, with investors buying the debt at lower yields than French government bonds caught up in the country’s fiscal and political turmoil.
Madagascar wants to raise as much as $5 billion by teaming up with asset manager Gemcorp Capital Management Ltd. to fund energy, infrastructure and mining projects in the island nation.
US funding cuts caused sharp and lasting declines in HIV prevention, testing and treatment services at organizations serving some of the people most vulnerable to the virus in Uganda and Zimbabwe, according to new research.
Anna Edwards, Guy Johnson, and Mark Cudmore break down today's key themes for analysts and investors on "Bloomberg: The Opening Trade." For up to the minute market intelligence and insight, click MLIV . (Source: Bloomberg)
A joint call from France and Germany for new measures to curb Chinese imports will strengthen the European Commission’s position as it tries to rebalance trade ties with Beijing.
Middle East sovereign wealth fund Abu Dhabi Investment Authority and private equity firm Coller EQT are in talks to back a continuation vehicle anchored by a stake in Chinese tech giant ByteDance, according to people familiar with the matter.