Bloomberg Standard Bank Group Ltd has named a female Black person to chair Africa’s biggest lender by assets for the first time. Nonkululeko Nyembezi has been appointed as chairman-designate effective June 1, according to a statement. She replaces Thulani Gcabashe, who will retire after the annual general meeting on May 31. “It is hugely significant to us that the Standard ...

  Bloomberg US futures and stocks rise on Friday after Federal Reserve Chair Jerome Powell pushed back against speculation of steeper interest-rate hikes. Risk sentiment was boosted by a rebound in cryptocurrencies. Contracts on the S&P 500 gained 1% and those on the Nasdaq 100 climbed 1.6%. Twitter Inc shares plunged as much as 26% in New York premarket trading ...

  Bloomberg Indonesia’s stock benchmark avoided a correction after an intraday tumble of more than 10% from its high in April, dragged by technology shares. The Jakarta Composite Index of shares closed little changed on Friday, capping this week’s losses at 8.7%. That’s the worst week since March 2020, when the country shut its international borders to curb the pandemic. ...