Bloomberg Zimbabwe has slashed its debt to South African power provider Eskom Holdings to $4 million from $33 million, the state-owned Sunday Mail newspaper reported, citing Energy Minister Fortune Chasi. “We are making payments religiously,” Chasi was quoted as saying. “We have reduced the debt to $4 million or thereabouts. We are also working on further reducing our indebtedness to …

Bloomberg First they lost money. Now hedge funds want clients to risk even more cash on the bets that caused the pain. LMR Partners, Citadel, Baupost Group and Capital Four Management are trying to persuade clients to inject money into their funds after taking a hit in the coronavirus-fuelled market turmoil. Capula Investment Management has had talks with some investors …

Bloomberg Taiwan’s timing on rolling out a new stock trading system could have been better. Traders in Taipei starting on Monday will be able to trade stocks continuously, rather than through a five-second matched call auction that has been in place since 2014. It’s the only major capital market which runs such auctions throughout regular trading, said the Taiwan Stock …