Brazilian steelmaker Cia. Siderurgica Nacional SA’s shares and bonds slumped as investors digested disappointing results and pressed its newly appointed chief executive officer over the conglomerate’s leverage targets.
Bronek Masojada had a reputation as a tough leader in the insurance world he worked in for three decades. He’s now planning to bring that same rigor to his role as Lord Mayor of the City of London in a push to boost the UK’s competitiveness — and put its trillions of pension savings to work.
Microsoft is struggling to restore access to its flagship software half a day after an outage began, leaving users unable to access email and chat services in one of the tech giant’s most severe disruptions in recent memory.
US stock futures edged lower ahead of inflation data that will cap a dramatic week of mounting bets on Federal Reserve interest-rate hikes and the ouster of Jensen Huang at Nvidia.
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.
Correct: Graphic edited at 00;34;36;07 to update Lagarde departure month. (Source: Bloomberg)
Nearly half of Mexicans have little or no confidence the country’s electoral authority can organize fair elections next year, according to a new poll, as a widening graft scandal batters the institution.
Africa’s biggest money manager and Nigerian pension-fund administrators applied for almost $1 billion of shares in Dangote Petroleum Refinery and Petrochemicals FZE, according to people familiar with the matter.
Martha Beck conta sobre os cotados para a Fazenda e a Casa Civil no quarto mandato do presidente Lula. Com edição de Patricia Xavier. (Source: Bloomberg)
International Container Terminal Services Senior Adviser Christian Gonzalez says the world’s largest, independent terminal operator is keen to expand in Southern and Western Africa. It currently has 34 terminal operations and port development projects across 19 countries. He speaks with Haslinda Amin on "Insight with Haslinda Amin."
(Source: Bloomberg)
China’s credit expansion fell short of expectations in October with loans contracting for the third time this year, as greater policy support struggled to offset persistently weak borrowing demand.
Iraq’s oil output surged in October and production in the United Arab Emirates held near the previous month’s high, as Gulf producers increased crude flows despite shipping disruptions caused by the Iran war, the International Energy Agency said.
Global oil markets will swing to a supply surplus for the first time since the start of the Iran war as Persian Gulf exports recover despite the ongoing conflict, the International Energy Agency said.
At the end of October, seemingly overnight, a major law firm called Weil Gotshal announced it was winding down after a number of partners departed and talks of a merger with another firm failed. So how did a $2 billion big law firm collapse in the span of a few weeks? In 2015, Yale Law professor John Morley published a paper called "Why Law Firms Collapse," that now looks very prescient, with his idea of a “partner run," or the law firm version of a bank run. What is especially interesting about
Anna Edwards, Tom Mackenzie and Paul Dobson break down today's key themes for analysts and investors on "Bloomberg: The Opening Trade." (Source: Bloomberg)
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)
Hong Kong raised its full-year growth forecast for a second time in months after the global artificial intelligence boom turbocharged trade and brought the pace of its economic expansion to a five-year high.
European stocks capped a rally this week that took them to record highs with a marginal gain Friday, as declines in mining and technology shares outweighed an advance in oil producers and consumer staples.
Food delivery giant Talabat reported its 3Q revenue jumped 18 percent to $1.2 billion. The Dubai-based firm says the growth is driven by robust demand during the summer and back-to-school periods. Talabat CEO Toon Gyssels spoke to Bloomberg’s Abeer Abu Omar on Horizons Middle East & Africa on the earnings. (Source: Bloomberg)
Anthropic’s IPO is said to be about 6 times oversubscribed. The Claude AI Model firm and its co-founders are seeking to raise $64.4 billion in the public listing as well as $26 billion in private placement, making it bigger than Space X’s IPO. Jack Hidary, CEO of SandboxAQ spoke to Bloomberg’s Abeer Abu Omar on Horizons Middle East & Africa about the listing as well as his deals in the UAE on the sidelines of ADIPEC. (Source: Bloomberg)
