Bloomberg A German court paved the way for the trial of six people including three former London-based investment bankers for their role in the nation’s Cum-Ex tax scandal. The ruling by a court in the city of Wiesbaden sets up a second trial in the country over the trading strategy that’s triggered multiple probes by German prosecutors involving about 500 ...

Bloomberg Nigeria’s inflation rate rose in November as food prices continued climbing following border closures. Consumer prices rose 11.9% from a year earlier compared with 11.6% in October, the Abuja-based National Bureau of Statistics said in a report published on Tuesday. The median of three economists’ estimates in a Bloomberg survey was 11.8%. Nigeria’s central bank held its benchmark rate ...

Bloomberg The Federal Reserve Bank of New York’s operation to inject cash into the financial system over the end of the year was oversubscribed on Monday, an indication that demand for funding through the beginning of 2020 remains ravenous. Primary dealers submitted $54.25 billion in bids for the Fed’s 32-day term repo operation, which matures January 17. That was more ...