Bloomberg With Brazil heading into a two-horse presidential race between left and right, centrist candidates are losing their allies and millions of moderate voters are frustrated and at a loss as to whom to support. Former Sao Paulo Mayor Fernando Haddad of the leftist Workers’ Party over the past fortnight has more than doubled his support and is closing in ...

Bloomberg Theresa May is battling to assert her authority as UK prime minister after a disastrous start to her party’s annual conference threatened to explode into a full-blown leadership crisis. Before the event had even begun, May found herself struggling to contain a row over a massive data breach and to fend off a brazen challenge over Brexit from her ...

Bloomberg Seven key opposition leaders in the Democratic Republic of Congo pledged unity and promised to back a single candidate against President Joseph Kabila’s chosen successor in December’s election. Such an outcome would increase the chances of Kabila’s opponents defeating Emmanuel Ramazani Shadary, a former interior minister under European Union sanctions for his role in human rights abuses. The December ...

Bloomberg US stocks delivered the best quarterly run in almost five years, luring retail investors back into the longest bull market on record just as Wall Street started sounding the alarms. Individual investors drew down cash balances at brokerage accounts to record lows as the S&P 500 surged 7.2 percent in the three months last week. Meanwhile, big banks from ...

Bloomberg With little prospect of a restart for US-China trade talks, JPMorgan Chase & Co. now expects an escalation in tensions that will see higher American tariffs on all Chinese imports, sending the yuan sliding to its weakest against the dollar in more than a decade. “JPMorgan has adopted a new baseline that assumes a US-China endgame involving 25 percent ...

Bloomberg Two gauges of activity in China’s manufacturing sector worsened in September, reflecting the nation’s economic slowdown and the fallout from the trade war with the US. The official manufacturing purchasing managers index (PMI) stood at 50.8 in September versus 51.3 in August, lower than the median estimate of 51.2 in a Bloomberg survey of economists. The Caixin manufacturing PMI, ...

Bloomberg A VTB Capital-led consortium has offered to match ArcelorMittal’s 420 billion rupee ($5.8 billion) bid for Essar Steel India Ltd., heating up the long drawn battle for the biggest steel mill being sold under India’s new bankruptcy law. Numetal Ltd., the consortium led by VTB, is willing to revise its earlier bid of 370 billion rupees for the 10 ...

Bloomberg East Japan Railway Co., which operates major rail lines in the Japanese capital, planned to suspend all train services in the Tokyo area on Sunday in preparation for Typhoon Trami, which is hitting the southwest of the country. Kansai International Airport, which serves the greater Osaka area in western Japan, closed two runways from 11 am on Sunday through ...

Bloomberg India’s monsoon, which accounts for more than 70 percent of annual precipitation, missed a forecast for normal rainfall for a second year. Showers totalled 804 millimeters — or about 91 percent of the 50-year average — in the June to September period, data from the India Meteorological Department showed. The bureau had maintained a forecast of 97 percent in ...

Bloomberg An indie Taiwanese hacker said he will not proceed with a plan to take down Mark Zuckerberg’s Facebook page and broadcast it live on Sunday. Self-professed bug bounty-hunter Chang Chi-yuan, who ferrets out software flaws in return for cash, said on Facebook this week that he would live-stream an endeavour to delete the billionaire’s account at 6 pm local ...