BLOOMBERG Shoprite Holdings Ltd lamented chronic electricity shortages in its home market of South Africa that held back growth in first-half profit and capped gains in the dividend payout. The owner of chains including Checkers and U-Save spent 465 million rand ($25 million) more on diesel in the six months through January 1 to ensure power during regular rolling blackouts. ...

BLOOMBERG While stock-picking investors wait around trying to decide their next market move, their computer-driven counterparts have no such luxury. The quants’ taskmasters — trend lines on charts and volatility targets — are forcing them into a concerted buying spree, just as the bond market creates fresh headaches for traditional money managers. One pool of rules-based money, Commodity Trading Advisors, ...

BLOOMBERG Global stocks edged higher Tuesday, as Treasury bond yields held below the key 4% mark and investors waited to see what policy message Federal Reserve Chair Jerome Powell would deliver at his Congressional testimony later in the day. Contracts on the S&P 500 pointed to a bounce after the underlying gauge closed flat, having erased a gain of as ...