Bloomberg Nigeria’s anti-graft agency said it would arrest foreign currency traders found to be hoarding the dollar after a plunge in the country’s currency last month. The Economic and Financial Crimes Commission called foreign exchange dealers to a meeting in a bid to end “brazen foreign exchange speculation” that’s causing “a run on the value of the naira,” the agency …

Bloomberg US-listed China stocks slid on Friday after some of the Asian nation’s largest state-owned companies announced plans to delist from American exchanges amid a spat over audits and generally worsening tensions between the world’s top two economies. Alibaba Group Holding Ltd., Pinduoduo Inc. and JD.com Inc. each fell 3% to 4%, while the Kraneshares CSI China Internet Fund ETF …

  Bloomberg Bank of America Corp (BofA) says investors are rushing back into stocks and bonds, with signs that inflation has peaked spurring bets the Federal Reserve will dial back its interest-rate hikes soon enough to keep US economy out of a recession. Global equity funds pulled in $7.1 billion in the week through August 10, strategists led by Michael …

  Bloomberg Stocks in India are likely to outperform US peers in the coming quarters, boosted by better economic prospects and stellar earnings growth, according to Deutsche Bank AG. “Indian macros are firing on all cylinders,” Mayank Khemka, chief investment officer for India at the bank, said in an interview, pointing to economic data ranging from power and fuel demand …

Bloomberg India’s central bank released guidelines for digital lending, targeted at bringing transparency and data protection to the business after complaints started mounting over unfair recovery practices, with many players capitalizing on borrowers’ lack of financial literacy. The Reserve Bank of India (RBI released the guidelines on Wednesday, which direct operators to display all inclusive costs of the digital loan …

Bloomberg Indonesia’s rupiah will advance to strongest level in almost a year as the country’s trade surplus and attractive yields lure overseas investors to local stocks and bonds, according to TD Securities. The currency will appreciate to 14,057 per dollar in the next three months, matching the high set in October 2021, said Mitul Kotecha, head of emerging-market strategy at …

  Bloomberg ABN Amro Bank NV said it expects to see the benefits from higher interest rates in the second half of the year, joining European peers in cheering the end of negative rates. The Dutch lender reported higher-than-expected profit as improvements in its loan book allowed it to release provisions for bad debt. While net interest income continued to …

  Bloomberg Commonwealth Bank of Australia (CBA), the country’s largest lender, posted an 11% jump in profit but warned that steeper borrowing costs and inflation were hitting consumer demand. The Sydney-based bank warned of a challenging outlook as the twin economic pressures worsened the cost-of-living burden, when it reported full-year earnings. It posted a cash profit of $6.7 billion for …

  Bloomberg Stocks trimmed a rally on Thursday spurred by softer-than-expected US inflation data as investors digested comments from Federal Reserve officials who remained resolute on the need for further interest-rate increases. Europe’s Stoxx 600 Index surrendered an initial advance. US futures pared gains, after the S&P 500 hit a three-month high and the Nasdaq 100 pulled 20% above a …

  Bloomberg Swire Pacific Ltd, one of the two remaining British trading houses in Hong Kong, announced plans to buy back up to HK$4 billion ($510 million) of shares, sending the stock surging. The buyback comes as Swire reported a 38% increase in underlying profit to HK$1.7 billion in the six months ended June 30, mostly due to smaller losses …