Angola raised 208.5 billion kwanzas ($224 million) from the sale of a 34% stake Standard Bank Group Ltd.’s local unit, with investor demand almost double the shares offered and Africa’s biggest lender boosting its controlling interest in the lender.
The global selloff in government bonds is "overdone" and a turn in the market is due, according to Mark Dowding, fixed income CIO at RBC BlueBay. Speaking on Bloomberg Television, he says the selloff was "not really justified" judging from data including inflation. (Source: Bloomberg)
Deutsche Lufthansa AG Chief Executive Officer Carsten Spohr predicted another year of financial and operational challenges ranging from uncertain aircraft deliveries to high oil prices and cost pressure at home that will force the airline to sharpen efficiencies.
Traders and farmers are parsing how quickly China’s planned tariff cuts on some US agricultural products might translate into new demand for major grains like corn and wheat.
Lux Capital, a backer of Anduril Industries Inc. and Hadrian Automation Inc., is in talks to become one of the lead investors in a roughly €200 million ($227 million) funding round for Dutch defense startup Onodrim, people familiar with the matter said.
Ace Designers Ltd., a manufacturer of industrial machinery, has begun discussions with investment banks about a potential initial public offering in Mumbai that could raise as much as $400 million, according to people familiar with the matter.
European stocks were little changed on Tuesday as US Treasuries drove a risk-off end to the day, while Julius Baer Group Ltd. rose after Swiss regulatory action against the bank ended.
Horizons Middle East & Africa is your daily spotlight on one of the world's fastest-growing regions. Live from Dubai, we bring you the latest global markets and analysis, plus news-making interviews, with a special focus on MEA. All that and more, as you head to the office in the Gulf, pause for lunch in Hong Kong, or start your day in London or Johannesburg. (Source: Bloomberg)
China’s top diplomat suggested relations with Japan had deteriorated to a low point unseen in decades, adding pressure on Japanese Prime Minister Sanae Takaichi to amend her Taiwan remarks.
Brookfield closed its $2 billion Mideast fund in August and Jad Ellawn, their Managing Partner and Regional Head of Middle East says they're seeing multiple opportunities in the Middle East. He spoke to Bloomberg’s Abeer Abu Omar on Horizons Middle East & Africa and explained why they think there is a growth in the regional population based on the data received from their investments in the likes of payment platforms and school enrollments (Source: Bloomberg)
SGX Group Head of Derivatives Janice Kan believes investors are abandoning siloed trading, and are now demanding a single venue where they can trade global equities, sectors and currencies together. She speaks with Haslinda Amin on "Insight with Haslinda Amin." (Source: Bloomberg)
SpaceX’s massive Starship rocket reached orbit for the first time on Monday morning, achieving a milestone for the program even though the company cut the mission short after an earlier engine failure. Bloomberg's Danny Lee explains. (Source: Bloomberg)
Aliko Dangote, Africa’s richest man, is racing to attract 10 million investors to his refinery’s initial public offering, with a marketing blitz that has swept across Nigeria’s commercial hub.
China’s government bond supply is poised to pick up next quarter as the authorities look to speed up debt issuance to fund stimulus, potentially challenging the market’s rally.
British Prime Minister Andy Burnham will set out his pitch for honest political debate as the antidote to populism in his first speech as premier at the Labour Party's annual conference in Liverpool. Bloomberg's Caroline Hepker reports. (Source: Bloomberg)
Spain, Portugal and Luxembourg are calling on the European Union to set a 2040 renewable-energy target, as the bloc seeks to reduce its dependence on imported fuel.
Insight with Haslinda Amin, a daily news program featuring in-depth, high-profile interviews and analysis to give viewers the complete picture on the stories that matter. The show features prominent leaders spanning the worlds of business, finance, politics and culture. (Source: Bloomberg)
Indian equities are breaking through a series of long-held technical support levels as a selloff gathers pace in a market once considered an emerging-market darling.
Three of South Africa’s biggest retailers are turning to new leadership to revive growth or accelerate turnaround plans as competition intensifies in one of the continent’s most developed consumer markets.
