Bloomberg SoftBank Group Corp. shares surged as much as 10% after the company said it would buy back as much as 1 trillion yen ($8.8 billion) of its own stock, reverting to a strategy that founder Masayoshi Son has used in the past to benefit investors. The Tokyo-based company made the announcement as it reported financial results for the September …

Bloomberg Veteran investor Mark Mobius has allocated almost half of his emerging-markets fund to India and Taiwan to help offset a slide in China shares that has dragged down returns from developing nations as a whole. “India is on a 50-year rally,” even if there are short bouts of bear markets, Mobius said in an interview on Bloomberg Television. “India …

MANAMA / WAM Investcorp, a Bahrain-based asset manager which counts Mubadala Investment Company as its biggest shareholder, announced that it has completed the acquisition of ten UK industrial assets, comprising c. 660,000 sq ft, via four transactions for a combined purchase price of €56.7 million. Since launching its European real estate business in 2017, Investcorp has invested approximately €1 billion …

Bloomberg French energy giant Engie SA entered exclusive talks to sell its services unit Equans to conglomerate Bouygues SA for 7.1 billion euros ($8.2 billion) in what would be one of the country’s largest deals this year. “Bouygues’ offer was the most compelling taking into account all criteria including financial valuation,” Engie, based near Paris, said in a statement. Bouygues …

Bloomberg A rift is opening at the European Central Bank (ECB) over how rapidly monetary policy should respond to stubbornly high inflation. A key meeting to determine the fate of post-pandemic stimulus is just six weeks away, and opinions are diverging on whether price pressures will mostly fade or endure. The debate is unfolding as global policy makers try to …

Bloomberg Equity Group Holdings Plc’s profit soared in the first nine months of the year as the economy recovered and the Kenyan lender generated more income from business loans and the government securities. Net income from January through September grew by 78% to 26.3 billion shillings ($236 million) from a year earlier, the East African nation’s biggest bank by market …

Bloomberg India’s banks need to raise funds from markets for their growth rather than depend on the government for recapitalisation, Finance Minister Nirmala Sitharaman said. “Banks are today less burdened because books are cleaner,” Sitharaman said at the annual general meeting of the Indian Banks’ Association. “As a result they will able to go and raise money from markets. I …

Bloomberg JPMorgan Chase & Co. is selling $3 billion of bonds in the US investment-grade market, adding to a streak of debt transactions from big Wall Street banks including Citigroup Inc, Goldman Sachs Group Inc and Bank of America Corp. The biggest US bank is selling bonds in a single-tranche transaction, according to a person with knowledge of the matter. …

Bloomberg Thai Credit Retail Bank Pcl, a provider of microfinance loans, is exploring an initial public offering in Bangkok that could raise as much as $400 million, according to people with knowledge of the matter. The lender, which is part of the Thai Life Insurance group, is interviewing banks on the potential first-time share sale, said the people, who asked …

Bloomberg Italy’s Banca Monte dei Paschi di Siena posted its third straight quarterly profit and said it’s ruling out a capital shortfall on a one-year horizon. The world’s oldest bank reported net income of 186 million euros in the third quarter as it wrote back 132 million euros of loans to performing status and after extraordinary charges weren’t repeated, according …