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Nigeria’s Buhari reiterates he won’t seek third term

Bloomberg Nigerian President Muhammadu Buhari reaffirmed he will leave office in 2023, addressing concerns he wants to change the constitution to seek a third term. Buhari, 77, won a second four-year mandate in March, the last he’s permitted under the constitution of Africa’s largest oil producer. With speculation already mounting over who the ruling All Progressives Council and opposition People’s ...

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Australia scrambles to reach fire victims

Bloomberg Australia scrambled military helicopters and ships on Wednesday to help thousands of people cut off by wildfires raging across the southeast as the death toll from the national crisis continued to climb. Some 4,000 holiday-makers and locals remain stranded in the remote township of Mallacoota in Victoria state after a bushfire tore through the community, forcing people to shelter ...

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Fed wins year-end repo battle, but war to curb rates drags on

Bloomberg The Federal Reserve may have succeeded in thwarting major year-end turmoil in funding markets, but 2020 is likely to bring a whole new set of concerns. The US central bank has been injecting liquidity into markets through repurchase-agreement operations since mid-September in a bid to keep control of short-end rates. Earlier this month the Fed ramped up its offerings ...

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