Bloomberg Iran’s central bank, acting on the eve of US sanctions, scrapped most currency controls introduced this year in a bid to halt a plunge in the rial that has stirred protests against the government of President Hassan Rouhani. Under the measures, the central bank will allow the market to determine the rate of foreign-exchange transactions except the imports of ...

Bloomberg HSBC Holdings Plc posted one of the worst equities-trading revenue performances among global banks in the second quarter amid an overall slump at its markets business. Revenue from stock trading at the Asia-focused bank fell 17 percent to $279 million, according to a company presentation. US banks posted a 14 percent average increase for the period and some of ...

Bloomberg Absa Group Ltd. forecast that its return on equity, a measure of profit, will improve slightly this year, helped by the South African lender’s operations in the rest of the continent. While costs will improve by the end of the year, expenses are still likely to grow faster than income, the bank said. Absa, which rebranded from Barclays Africa ...