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Wirecard drops on ‘accounting misdeeds’ report

Bloomberg Wirecard AG fell the most since February in Frankfurt after a news report said it found repeated questionable accounting practices at the German payments firm. Wirecard fell as much as 23% in early trading after the Financial Times said it’s published internal company documents and correspondence that “appear to indicate a concerted effort to fraudulently inflate sales and profits” ...

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Paytm nears SoftBank, Ant fundraising at $16bn valuation

Bloomberg Paytm is close to scoring $2 billion of new financing from investors including Jack Ma’s Ant Financial and SoftBank Group Corp, a person familiar with the matter said, describing a mega-deal that will raise the temperature in India’s increasingly heated financial payments arena. Rob Citrone’s Discovery Capital Management is also in discussions to join a funding round that values ...

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Stocks gain as earnings for third quarter roll in; Treasuries rally

Bloomberg US equity-index futures rose with stocks in Europe as major Wall Street names began reporting earnings for the third quarter. Contracts on the S&P 500 trimmed some of their advance and Treasuries rallied as Bloomberg reported China may struggle to buy the volume of American goods proposed in the “phase one” trade deal. The three main American equity indexes ...

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