Bloomberg Absa Group Ltd. forecast that its return on equity, a measure of profit, will improve slightly this year, helped by the South African lender’s operations in the rest of the continent. While costs will improve by the end of the year, expenses are still likely to grow faster than income, the bank said. Absa, which rebranded from Barclays Africa ...

Bloomberg Romania unexpectedly left borrowing costs unchanged, looking past the European Union’s fastest inflation as the economy cools. The National Bank of Romania kept its benchmark interest rate at 2.5 percent on Monday. Three of 18 analysts in a Bloomberg survey predicted the decision, while 15 saw a quarter-point increase. Governor Mugur Isarescu was expected to hold a briefing in ...

Bloomberg Goldman Sachs Group Inc. could offer a boost for the burgeoning universe of funds betting on cryptocurrencies. The firm is considering a plan to offer custody for crypto funds, according to people with knowledge of the matter. That means the bank would hold the newfangled securities on behalf of the funds, reducing risk for clients seeking to guard against ...