South Africa’s antitrust commission moved to revoke the approval of a merger between two of the nation’s biggest packaged-food producers, saying they withheld key information about post-deal plans to shutter a fruit-canning plant.
Kevin Mahn, President & CIO of Hennion & Walsh Asset Management, joins Bloomberg's Vonnie Quinn on "Bloomberg Brief" to discuss the concentrated gains on the S&P 500 and the AI ecosystem. (Source: Bloomberg)
"The Pulse With Francine Lacqua" is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London, we go wherever the story is, bringing you exclusive interviews and market-moving scoops.
Today's guests: Myles O'Grady, Bank of Ireland CEO; Kristalina Georgieva, IMF Managing Director; Miles Celic, TheCityUK CEO; Ian Bremmer, Eurasia Group President & Founder (Source: Bloomberg)
A US lender specializing in loans to international students has largely shuttered its operations after losing access to fresh financing, marking one of the most significant corporate collapses triggered by the Trump administration’s immigration crackdown.
Rachel Graf, Carmen Arroyo and Eliza Ronalds-Hannon
Dangote Petroleum Refinery & Petrochemicals FZE, which owns Africa’s biggest crude-processing facility in Nigeria, is offering investors based in the continent’s east an almost 20% share its initial public offering that could raise as much as $300.4 million.
Nidec Corp., the embattled Japanese electric motor maker, is being urged to consider putting itself on the auction block by an activist investor, a sign that confidence is waning in management’s ability to recover from a long-simmering accounting scandal.
Higher borrowing costs may be here to stay in India. With inflation pressures building from a weak monsoon, oil at $100 a barrel and a softer rupee, the RBI has begun tightening policy. Ruchi Bhatia explains why more rate hikes could follow. (Source: Bloomberg)
Intercontinental Exchange Inc. has launched new gold futures contracts in London, in the latest effort to expand trading in a market built on over-the-counter deals that’s dominated by a handful of global banks.
Kioxia Holdings Corp.’s shares rose as much as 4.1% after Japan Exchange Group Inc. announced its weighting on the benchmark Topix index will be increased, a move that fueled expectations that an estimated ¥2 trillion ($12.7 billion) of passive inflows may be triggered.
Hong Kong’s main technology stock benchmark is expanding its number of constituents to 50 from 30 in a major revamp to better represent the fast-growing artificial intelligence and robotics sectors.
Equity markets face a genuine rival in bonds for the first time in decades, according to Savita Subramanian at Bank of America Corp., who also cautioned that elevated investor sentiment leaves stocks more exposed to disappointment than upside.
Matt Clinch, Guy Johnson, Anna Edwards and Tom Mackenzie
The US-Iran conflict continues to weigh heavily on economies around the world and in particular those in the Gulf. Ramona Moubarak, the MENA Country Risk Head for BMI, a Fitch Solutions Company, spoke to Bloomberg’s Jennifer Zabasajja on Horizons Middle East & Africa as the war enters its 8th month. (Source: Bloomberg)
India’s rupee retreated even after the central bank hiked interest rates for the first time in four years, as the lack of more aggressive steps to tighten liquidity and support the currency left traders disappointed.
"Bonds actually look interesting again," says Savita Subramanian, Bank of America’s head of US equity and quantitative strategy, as she weighs the potential returns from bonds and equities over the next decade. "The risk-return for a 10-year Treasury today is about over 5%," Subramanian tells Bloomberg Television. "Whereas when you look at the S&P 500, our valuation framework suggests that returns over the next ten years might not even be at those levels, at that 5% clip." (Source: Bloomberg)
RWE AG has played down the prospect of taking a major role in state-owned Uniper SE, after the utility teamed up with private equity firm KKR & Co. to make a non-binding bid for the German company.
India’s markets regulator told a local court that it has shared with Jane Street Group LLC the trade logs it relied upon for its preliminary order against the Wall Street trader, pressing the firm to respond to the accusations of market manipulation.
