Bloomberg Angela Merkel’s favoured successor to head her governing party is running into stiff competition in a race that will shape the German chancellor’s legacy. Her old nemesis Friedrich Merz is now a contender for the Christian Democratic Union’s chairmanship, raising the possibility that for the first time ever the leader of the Europe’s dominant economy will come from the ...

Bloomberg US stocks rallied on the final day of one of the worst months of the bull market, as earnings from Facebook jolted tech shares higher. The dollar added to a 16-month high. The S&P 500 Index headed for the first back-to-back gains of October, paring its steepest monthly drop since 2011 to 7 percent. Strong earnings that had largely ...

Bloomberg For South Korean stock investors, a rebound did little to revive optimism. Sentiment among fund managers remains decisively negative as the benchmark Kospi Index heads for the world’s biggest monthly slide after entering bear territory last week. The nation’s equity market has lost more than $300 billion in value in about a month, with the benchmark dipping below the ...