Bloomberg The Federal Reserve’s gradual push towards higher interest rates shouldn’t be blamed for any roiling of emerging market economies, which are well placed to navigate the tightening of US monetary policy, Fed Chairman Jerome Powell said. In a speech that argued US decision-making isn’t the major determinant of flows of capital into developing economies, Powell said the influence of ...

Bloomberg The African Development Bank (AfDB) seeks investments from global pensions and commercial financiers to help fund the continent’s infrastructure gap of as much as $170 billion a year. The Abidjan-based lender is launching its Africa Investment Forum in Johannesburg. The forum will host its first meeting in November in South Africa’s commercial hub and will have “no speeches,” but ...

Bloomberg Lloyds Banking Group Plc is “surprised” and “disappointed” by Standard Life Aberdeen Plc’s decision to challenge the bank’s plan to pull 109 billion pounds ($148 billion) from the asset manager, the lender said in a statement. Lloyds gave notice in February that it planned to end the mandate after the merger of Aberdeen and Standard Life made the combined ...