Bloomberg First there was the financial crisis of 2008. Then years of negative interest rates. Now, banks face what one financial regulator calls the “real game changer.” Jesper Berg, the head of the Financial Supervisory Authority in Denmark, says the next big threat for banks is the rapid spread of big tech into financial services. The competitive tool is personal ...

Bloomberg Goldman Sachs Group Inc said investors should diversify their long-term bond holdings with gold, citing “fear-driven demand” for the precious metal. “Gold cannot fully replace government bonds in a portfolio, but the case to reallocate a portion of normal bond exposure to gold is as strong as ever,” Goldman analysts including Sabine Schels said. “We still see upside in ...

Bloomberg It’s starting to look like India’s sovereign bond market is on the brink of a prolonged rout. Traders have shied away from the long-end of the curve since July on concern the government will expand record bond sales. Sentiment towards the short-end, which closely tracks policy rates, turned negative after the central bank surprised by holding off on easing. ...

Bloomberg Eskom Holdings SOC Ltd expanded a schedule of rolling blackouts across South Africa after more of the state-owned utility’s generating units failed, spotlighting the fragility of the power supply system. The struggling state-owned company is cutting 4,000 megawatts from the grid, spokeswoman Dikatso Mothae said by phone. So-called stage-4 loadshedding, the highest degree that has been implemented thus far ...

Bloomberg Minority investors in Poland’s state-run companies fled on concerns that a surprise $753 million bid by the country’s top oil refiner to buy a power producer may herald more government efforts to build “cross-industry” national champions. The risk is that some of the biggest companies listed in Warsaw — the worst-performing primary equity index in the world — are ...

Bloomberg Rolls-Royce Holdings Plc is pitching nuclear reactors as the most effective way of powering the production of carbon-neutral synthetic aviation fuel without draining electricity grids. Drawing on technology developed for nuclear-powered submarines, the small modular reactors or SMRs could be located at individual plants.

Bloomberg Anything is still possible for next week’s UK election, but one outcome would suit many stock investors better than most. “For equities, the best result is a decent Conservative majority,” said Kim Catechis, head of investment strategy at Martin Currie, an affiliate of Legg Mason Inc., managing about $17 billion. A decisive victory for Boris Johnson would see domestic ...

Bloomberg Saudi Arabia’s main equity index advanced the most in more than a year after the pricing of Saudi Aramco’s initial public offering and amid hopes of higher oil prices. The Tadawul All Share Index rose 2.4% on Sunday, the most for a session since October 2018. The kingdom raised $25.6 billion from the world’s biggest IPO after selling shares ...

Bloomberg Marfrig Global Foods SA announced an equity offering that will allow Brazilian development bank BNDES to sell its stake in the world’s second-largest beef producer. BNDESPar, the bank’s investment arm, plans to sell about 209.6 million shares, which is all of its 33.74% stake, Marfrig said in a regulatory filing. The company will sell about 90 million shares. The ...

Bloomberg In a small step towards returning Boeing Co.’s 737 Max to service, US regulators are revising requirements for how airlines must operate the plane if equipment breaks down. The US Federal Aviation Administration (FAA) issued proposed new rules for airline operations on the Max that adapt to the fixes being finalised for the grounded jetliner. The public has 30 ...