High gold prices and steep taxes are driving more Indian buyers into under-the-counter cash sales, where bullion and jewelry change hands without invoices that can be traced by authorities.
The board of Goldman Sachs has discussed a plan for Chief Operating Officer John Waldron to succeed David Solomon as CEO as early as next year, according to the Wall Street Journal. With the latest plan, Waldron could take over toward the end of 2027 or in 2028, the Journal said. Bloomberg Opinion's Paul Davies breaks down the situation and its significance. (Source: Bloomberg)
More than €2 billion ($2.3 billion) was wiped off the value of French airport and highway operators on Tuesday after the government said it’s considering higher taxes on transport infrastructure.
The Chinese military opened a new logistics base at an airport in Laos, expanding the People’s Liberation Army’s overseas presence as it seeks to operate farther from home.
Thailand may turn to shorter-term instruments to meet the government’s borrowing needs in the fiscal year starting Oct. 1, a top official said, as rising US Treasury yields drive turbulence across global bond markets.
Texas is allowing wider use of so-called dyed diesel that’s normally limited to off-road vehicles, as a global fuel crunch boosts prices and prompts President Donald Trump to consider banning US exports.
Julius Baer has applied for permission to restart share buybacks after Swiss regulator Finma concluded its enforcement procedure against the wealth manager, removing a long-standing overhang that has weighed on the stock. Juilius Baer came under scrutiny following steep losses from dealings with Austrian property tycoon Rene Benko. Bloomberg's Tom Metcalf explains.
(Source: Bloomberg)
Milwaukee is well-known for its brewing heritage, but increasingly it's making a name for itself at the dinner table. Bloomberg's Five Top Tables has a few restaurants you should check out if you find yourself in the city. Ashley Novak explains (Source: Bloomberg)
Norway’s $2.3 trillion sovereign wealth fund is concerned that shareholder rights are weakening in many markets, risking long-term value creation in equities.
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.
