Bloomberg Nedbank Group Ltd., the South African lender controlled by Old Mutual Plc, headed for the highest level in eight months after first-half profit rose, beating analyst estimates that had predicted a decline. The shares jumped as much as 7.5 percent on Monday before paring gains, leading returns on the seven-member FTSE/JSE Africa Banks Index. First-half earnings per share …

  Bloomberg You can now add the rates strategy team at Deutsche Bank AG to the growing list of Wall Street analysts who reckon the U.S. economy is probably ensnared in secular stagnation. In a research note published on Friday, Deutsche Bank strategists, led by Dominic Konstam, say the Federal Reserve risks a “big policy error” if it hikes interest …

  Bloomberg For Europe’s higher-yielding bonds, a political stalemate in Spain and lingering concerns about Italian banks are proving to be no impediment as investors count on support from an acceleration in buying by the European Central Bank and loose monetary policy globally. Spain’s 10-year bond yields fell to a record low and approached 1 percent even with the country …