Bloomberg President Jair Bolsonaro’s party is questioning the result of Brazil’s runoff election, seeking to annul votes that gave leftist leader Luiz Inacio Lula da Silva a tight victory on October 30. Bolsonaro’s Liberal Party claimed that older models of Brazil’s electronic ballots had problems that make it impossible to properly identify the machines, and requested that votes cast through ...

  Bloomberg Credit Suisse Group AG clients pulled as much as 84 billion Swiss francs ($88.3 billion) of their money from the bank during the first few weeks of the quarter, underlining ongoing concerns over the bank’s restructuring efforts after years of scandals. The Zurich-based bank warned on Wednesday that it will face a loss of up to $1.6 billion ...

  Bloomberg New Zealand’s central bank (RBNZ) raised interest rates by a record 75 basis points and signalled further tightening ahead, stepping up its inflation fight even as it forecasts a recession next year. Short-maturity bond yields surged after the Reserve Bank’s Monetary Policy Committee lifted the official cash rate to 4.25% from 3.5% on Wednesday in Wellington, as predicted ...

  Bloomberg Nigeria unveils redesigned high-denomination banknotes as the central bank confirmed a January deadline to roll out the new bills despite calls for an extension. “We will not shift the deadline,” Governor Godwin Emefiele said at a briefing in the capital, Abuja. Critics of the move have argued that the six-week window will cause massive lines at banks and ...

  Bloomberg Goldman Sachs Group Inc. will pay $4 million to settle US regulators’ claims that its asset-management unit didn’t properly weigh environmental, social and governance (ESG) factors in some of its investment products. The Securities and Exchange Commission (SEC) said that the Goldman Sachs Asset Management unit “had several policies and procedures failures involving the ESG research its investment ...

  Bloomberg Predicting the price of a stock a year from now is hard, even for Wall Street’s best analysts. But for investors who bought into the bullish expectations behind cryptocurrency-related stocks at the beginning of this year, those forecasts now look like pipe dreams. For 10 crypto stocks tracked by Bloomberg, with at least three analyst price targets at ...

  Bloomberg US stocks rise as investors await the release of policy minutes from the Federal Reserve’s latest meeting for potential signs that the central bank may slow its pace of interest-rate hikes. The S&P 500 climbed after closing at its highest level since mid-September. The Nasdaq 100 jumped after wavering as the session started. Sentiment was boosted after latest ...

  Abu Dhabi / WAM Masdar, one of the world’s leading renewable energy companies, has signed a joint development agreement (JDA) with Turkmenenergo State Power Corporation of the Ministry of Energy of Turkmenistan (Turkmenenergo), to develop a 100 megawatt (MWac) solar photovoltaic (PV) plant, which will be the company’s first project in Turkmenistan. The JDA signing was witnessed by Serdar ...

  Abu Dhabi / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan on Tuesday held a phone call with Joko Widodo, President of the Republic of Indonesia. During the call, His Highness offered his sincere condolences to the President and people of Indonesia and to the families of the victims of the earthquake that struck the island of ...

  Abu Dhabi / WAM Adib Securities, a Shari’a-compliant brokerage firm in the UAE and a wholly owned subsidiary of Abu Dhabi Islamic Bank (Adib), reported over AED22 billion worth of trades for the nine months period ended September 30. The Abu Dhabi-based brokerage reported a 149% increase in its digital trading platform utilisation compared to the same period last ...