Bloomberg Hedge funds turned bearish on the dollar for the first time since May 2018, an indication that a summer slump in the world’s reserve currency will be prolonged. Net futures and options positions held by leveraged funds against eight other currencies dropped to minus 7,881 contracts last week, according to data aggregated from the Commodity Futures Trading Commission. The …

Bloomberg Indian stocks swung between gains and losses as investors weighed corporate earnings that beat expectations against rising coronavirus infections. The S&P BSE Sensex were little changed at 37,872.50 as of 9:48 am in Mumbai after dropping as much as 0.4% and gaining as much as 0.6%. The NSE Nifty 50 Index swung in a similar range and most recently …

Bloomberg The first commercial deal under an Africa-wide free trade zone will take place on January 1 next year as outstanding talks are set to move online, the African Union said. While African Continental Free Trade Area entered into force legally last year, transactions that were due to start on July 1 were delayed as the virus set back negotiations …