Bankers are pushing back against the Saudi regulator’s proposed overhaul of listing rules, including plans that would force underwriters to buy any unsold shares, and warned that the moves could further dampen the market for initial public offerings.
Russia’s government last month paid oil companies the biggest subsidy in more than four years to supply road fuels to the domestic market amid Ukrainian drone strikes on refineries.
Strategy Inc. returned to profitability for the first time in four quarters after registering an unrealized gain from an increase in the value of its Bitcoin holdings during the late summer’s rally in the cryptocurrency.
Air Baltic Corp AS expects its restructuring plan to affect between 500 and 700 jobs across the carrier’s three biggest bases as the Latvian airline streamlines the business while undergoing Chapter 11 bankruptcy protection.
The London Bullion Market Association has raised membership fees and offered the option to pay the dues two years in advance as it seeks to strengthen its finances amid a costly legal challenge.
The dollar neared its strongest levels this year as fiscal strains and renewed political uncertainty in Europe boosted its haven appeal, even as its run of gains stoked concerns the rally is becoming overstretched.
Raiffeisen Bank International AG said an internal review didn’t find evidence to back up allegations made by a short-seller in an attack that had hit the Austrian lender’s share price.
Volare Shipping Ltd. jumped on its first day of trading in Oslo on Monday after the spin-off arm of Trafigura Group Pte. became the latest in a spree of tanker listings in the Norwegian capital.
A surprise lead for Flávio Bolsonaro in Brazil’s first round of the presidential election sent the nation’s currency soaring, helping lift prices of the biggest soft commodities exports from South America’s agricultural powerhouse.
Japan’s Government Pension Investment Fund didn’t discuss portfolio allocation at a meeting last month, damping speculation that the $2 trillion fund will respond to calls from Prime Minister Sanae Takaichi’s administration to increase its purchases of assets in Japan.
This year’s oil price rally has produced one clear winner: South Africa’s Sasol Ltd. is the top-performing emerging-market stock outside Asia and many analysts are betting its bull run has further to go.
Yields are climbing almost daily all around the world as the bond selloff continues. What’s driving this selloff and how much higher can yields go? Bloomberg’s Ruth Carson answers some of your questions. (Source: Bloomberg)
The exodus of the uber-rich from the UK has become a $160 billion problem. Bloomberg calculates that figure using data from the Bloomberg Billionaires Index, revealing the scale of wealth behind those leaving Britain. It represents the total wealth of individuals tracked by the index who have loosened their ties with the UK - or cut them entirely — over the past two years. Armand Arton, CEO of Arton Capital, joins Bloomberg Radio’s Caroline Hepker and Tiwa Adebayo to discuss what’s driving wealthy individuals to reconsider where they live and invest. (Source: Bloomberg)
Investors in a London-listed fund run by Partners Group Holding AG are set to vote to wind down the portfolio, in the latest sign of flagging confidence in the Swiss manager’s private equity funds marketed to individuals.
A steep drop in US stock valuations since early summer has left some areas of the market looking attractive as earnings growth shows few signs of waning, according to Morgan Stanley strategists.
German robotics startup RobCo has surpassed a $1 billion valuation as investors rally behind physical AI companies. CEO and co-founder Roman Hölzl joins Bloomberg's Tom Mackenzie, Anna Edwards, and Guy Johnson on "The Opening Trade" to discuss before returning to San Francisco. (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: Polina Kurdyavko, RBC Bluebay Head of Emerging Markets; Vivek Paul, BlackRock Global Head of Portfolio Research & UK Chief Investment Strategist; Tina Fordham, Fordham Global Foresight Founder & Geopolitical Strategist (Source: Bloomberg)
