Bloomberg CBZ Holdings Ltd, the biggest bank in Zimbabwe, plans to list on the US dollar-denominated stock exchange in Victoria Falls, as part of efforts to ignite foreign interest in the lender. The firm is “actively exploring” a listing, which could address concerns for foreign investors of having funds stuck in the country, Chief Executive Officer (CEO) Blessing Mudavanhu said in …

Bloomberg With one of his first major moves at the helm of UniCredit, Andrea Orcel added tens of millions to bank’s bottom line. The question is whether the cost will be even higher in the long run. UniCredit’s new CEO shocked investors with a decision to skip a coupon payment on $3.6 billion of hybrid bonds due later this month, an …

Bloomberg BlockFi Inc., a crypto-lending startup, mistakenly sent some users Bitcoin as part of a promotion and is working on reversing it. The company made what it called incorrect promo payouts in Bitcoin instead of US dollars to certain customers. Though BlockFi worked on reversing them, a number of recipients withdrew the coins before the company could backpedal. (It was …

Bloomberg US equity-index futures gained as investors wagered that the Federal Reserve will maintain monetary support in coming months while a rebound in the world’s biggest economy stokes inflation fears. Contracts on the S&P 500 and Nasdaq 100 gauges pointed to gains after US stocks closed mixed. The dollar and Treasuries were steady. Bitcoin advanced above $35,000 following another weekend …

Bloomberg Malaysia’s stocks climbed from a three-month low after the government resisted imposing a full lockdown to avoid derailing a nascent recovery in the economy. The FTSE Bursa Malaysia KLCI Index rises as much as 0.95% on Monday, snapping a three-day loss. Sime Darby Bhd. and Axiata Group Bhd led gains in the gauge. The government shortened business working hours …

Bloomberg PT Garuda Indonesia needs to completely restructure its business, potentially reducing the number of planes it operates to less than half its main fleet as it seeks to survive the crisis wrought by the pandemic, its president told staff this week. “We have to go through a comprehensive restructuring, a total one,” President Director Irfan Setiaputra said in an …

Bloomberg Italy is nearing a deal with the European Union to set up a new national carrier from failed airline Alitalia SpA and may get an informal go-ahead by next week, newspaper Il Messaggero reported. Talks with the European Commission to green-light Alitalia’s planned restart have been mired in a standstill after several rounds of meetings. EU officials are demanding …

Bloomberg The biggest customer for Airbus SE’s top-selling A320 narrow-body has chosen General Electric Co engines for a massive order, after pitting the conglomerate against its dominant US supplier, Pratt & Whitney. IndiGo, India’s largest airline, has selected CFM International Inc, a venture between GE and France’s Safran SA, to supply LEAP-1A engines for its fleet of 310 new Airbus …

Bloomberg Britons are ignoring government advice to avoid traveling to countries on the UK’s Covid-19 “amber” list, the Mail cited Michael O’Leary, the chief executive of Ryanair Holdings Plc, as saying. Families are booking flights to restricted destinations in anticipation of a relaxation of the guidance once they come to take their vacations, O’Leary said in an interview, according to …

Bloomberg The franchise operator of Zara and two other popular apparel chains will close all of its stores in Venezuela in the next few weeks. Zara, along with Pull&Bear and Bershka, are owned by Spain’s Inditex SA and have been operating as franchises in Venezuela since 2007. The franchise is managed by Panamanian-based company Phoenix World Trade, run by Camilo …