Bloomberg Nigeria’s central bank is preparing to weaken its naira and abandon a currency peg that has starved Africa’s biggest economy of dollars and slowed foreign investment to a trickle. Naira forward contracts soared to record highs as traders added to bets on a weaker currency. In a retreat for President Muhammadu Buhari, who has resisted calls to let …

  Bloomberg After World War II, the economic center of gravity in the U.S. began shifting from the cities to the suburbs — and that shift continued for more than a half-century. In the past few years, though, there’s been lots of talk about the trend reversing. What does the evidence show? Well, it can be a little confusing. Here, …

  Bloomberg City Developments Ltd., Singapore’s second-largest developer, may seek to buy offices this year as rising interest rates makes such assets cheaper worldwide. “We are coming into a very good time for acquisitions,” Grant Kelley, CEO of City Developments, said in an interview in Singapore. “The long-term trend line for assets for the next 12 to 24 months could …