Bloomberg East Capital Group, a Swedish asset manager that specialises in emerging markets, is looking for more takeover targets after buying a $3.4 billion manager in its local market. The Monyx Asset Management AB purchase, which was closed this month, reflects a consolidation trend in the industry as smaller managers struggle, according to East Capital Chairman Peter Elam Hakansson, who ...

Bloomberg India has revoked the special constitutional status of Kashmir in a move that’s drawn protests in parliament and risks worsening its already fraught security relationship with rival Pakistan in the disputed region. It took Prime Minister Narendra Modi’s government just a couple of hours to erase seven decades of autonomous state government in Kashmir, which analysts say is aimed ...

Bloomberg Egypt’s government said extremists were behind a blast that killed at least 20 people in central Cairo, one of the deadliest acts of violence by extremists in the North African nation’s capital in years. Extremists were transporting an explosives-laden vehicle for an attack when it detonated outside the National Cancer Institute, the Interior Ministry said. Forty-seven other people were ...