Bloomberg Global equity funds saw their biggest outflows in nine weeks as investors piled into cash amid fears that the US economy could be headed for a recession. About $16.8 billion exited global stock funds in the week through June 22, with US equities seeing their first outflow in seven weeks at $17.4 billion, Bank of America Corp (BofA) …

Bloomberg After what is poised to be the worst first half since 2008 for European equities, strategists are optimistic that at least some of the losses will be clawed back by the end of the year. The Stoxx Europe 600 Index will end December at 467 index points, according to the average of 15 forecasts in Bloomberg’s monthly survey. That …

  Bloomberg South African airline FlySafair plans to add at least 10 new routes across sub-Saharan Africa to take advantage of a gap in the market left by the collapse of domestic rival Comair Ltd. The closely held carrier will fly to capital cities such as Nairobi, Lusaka and Maputo alongside holiday destinations including Victoria Falls, Zanzibar and Seychelles, according …