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Hedge funds post record bearish pound bets

  Bloomberg Speculators are the most bearish on the pound since records began as they await data that will give the clearest picture yet of the effects of Britain’s decision to leave the European Union. Sterling touched a one-month low versus the dollar before reports this week on July inflation, retail sales and jobless claims, which are forecast to show ...

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General Atlantic to buy stakes in Brazilian firms

  Bloomberg General Atlantic LLC, the US private equity firm that already invested more than 1 billion reais ($318 million) in Brazil this year, plans to keep buying stakes in companies that “are not cheap” even amid the country’s worst economic crisis in a century. General Atlantic is among the few international buyout funds daring to buy Brazilian firms amid ...

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NAB’s cash profit falls 3% as bad debts rise

  Melbourne / Bloomberg National Australia Bank (NAB) Ltd.’s third-quarter profit fell 3 percent amid rising expenses for bad debts and provisions for mining and agricultural loans, rounding off the most challenging reporting season for the nation’s lenders in six years. Unaudited cash profit from continuing operations, which excludes one-time items, declined to A$1.6 billion ($1.2 billion) in the three ...

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