Bloomberg Mozambique’s central bank, whose pension fund owns 80 percent of Moza Banco SA, is considering the sale of a minority stake after it injects further funds in the failed lender, according to four people familiar with the matter. European Central Bank policy maker Benoit Coeure said he expects policy makers to change their guidance on monetary policy next year, ...

Bloomberg Asia’s swelling ranks of mega-wealthy are proving to be a mixed blessing for Morgan Stanley. The firm’s Asian private banking unit has boosted assets under management and revenue this year, according to Vincent Chui, who oversees the business. But because top bankers keep getting poached by family offices set up by the richest people, a plan to increase headcount ...

Bloomberg China Southern Airlines Co. plans to take advantage of its ties with American Airlines Group Inc. to help beef up its US routes and close in on mainland rivals, the Chinese carrier’s President Tan Wangeng said. A new airport in Beijing, once up and running in 2019, will serve as the state airline’s second hub flying almost 50 million ...