Europe wanted a consumer technology giant to rival Silicon Valley. It’s getting one – along with California-style disregard for public investors. When Naspers Ltd. lists its technology investing unit in Amsterdam next month, the new company will have a market capitalisation that’s likely to top $100 billion, a valuation derived entirely from its 31 percent stake in Tencent Holdings Ltd. ...

Bloomberg US President Donald Trump slammed the Federal Reserve for high interest rates in a tweet, complaining the euro and other currencies were “devalued” against the dollar. “The Fed interest rate way too high, added to ridiculous quantitative tightening! They don’t have a clue!” Trump said on Twitter, renewing his complaints about the US central bank a week before it ...

Bloomberg The central banks have increased their holdings of equities beyond $1 trillion last year as they sought to diversify their reserves away from low-yielding bonds, according to a survey to be published. Monetary authorities boosted their allocation of equities to 10 percent of their reserves despite recent market volatility and a quarter of them said they plan to purchase ...