Bloomberg Europe’s finance industry has seen its global sway erode dramatically and the main weapon being used to boost the continent’s economies is making things worse, a top Deutsche Bank AG executive warned. The region’s banks and insurers “have lost dramatic amounts of ground,” with only one still ranking in the top 20 globally by market value, compared with six …

Bloomberg Mozambique will court investors for $1.5 billion of financing for a giant natural-gas project run by Total SA. State oil company Empresa Nacional de Hidrocarbonetos will kick off a funding roadshow in Johannesburg next week before moving on to London, said Chief Executive Officer Omar Mitha. The project — potentially transformative for Mozambique’s ailing economy — includes the development …

Bloomberg Saudi Aramco raised December pricing for sales of its light oil grades to Asia to their highest levels since 2014, just a day after announcing it will sell shares for the first time. The state-owned oil producer increased monthly pricing for shipments of all crudes to the US. Aramco increased its official selling price for flagship Arab Light crude …