Bloomberg The Gupta family are selling their assets in South Africa to little-known companies as their access to banking facilities dries up and allegations intensify that they used their friendship with President Jacob Zuma to wield undue influence over his administration. On Wednesday they announced the sale of a coal business to a Swiss company that has no history in ...

Bloomberg Jehan Chu says he’s got an early-mover advantage that will help his cryptocurrency fund stand out from the crowd. The Hong Kong-based former art adviser started investing in bitcoin in 2013, when the digital asset saw its first major rally. Since then, prices have quadrupled, enabling Chu to quit his job, start a venture capital firm investing in blockchain ...

Bloomberg As Russia’s second-biggest private bank implodes, its billionaire owners have been conspicuous by their absence. By leaving Bank Otkritie FC to fend for itself, the four shareholders controlling more than a third of the company—their combined fortune valued at over $20 billion —may be giving the authorities little choice but to swoop in with a rescue. Now the central ...