Bloomberg Ghana stocks headed for the lowest in 21 months as investors sold shares to free up cash as they contend with the fallout from banking reforms in the West African nation. The Ghana Stock Exchange Composite Index retreated 1.5 percent in Accra on Wednesday, heading for the lowest close since October 2017. Ghana’s banking industry regulator completed a clean-up …

Bloomberg Swedbank AB acknowledged it will no longer be able to live up to its goal of paying out one of the highest dividend ratios in the Nordic finance industry. Sweden’s oldest bank, which is dealing with the fallout of a money laundering scandal that has left it Europe’s worst performing financial stock this year, said it will now target …

Bloomberg United Airlines Holdings Inc raised its 2019 profit forecast as strong US travel demand helps the world’s second-largest carrier absorb rising cost pressures from the grounding of Boeing Co’s 737 Max. Earnings will climb to at least $10.50 a share this year, United said in a statement as it reported second-quarter results. That was up from the $10 floor …

Bloomberg Rakesh Gangwal, the co-founder of IndiGo, said he won’t sell his shareholding in India’s largest airline and will maintain his stake amid a feud with his partner Rahul Bhatia. “I am here for the long haul,” Gangwal, who has accused Bhatia of corporate governance lapses, said. “I have no desire to sell my stake or raise my stake.” Gangwal, …

Bloomberg Burberry Group Plc surged as demand for its social-media-savvy designer’s revamped looks took off in China. Store sales rose 4 percent on a comparable basis for the three months through June, double the rate analysts predicted. New collections from Riccardo Tisci, who joined the UK luxury brand last year after winning fame at the French fashion house Givenchy, delivered …

Bloomberg Internet searches for “Cancelling Amazon Prime” were 18 times higher during Prime Day — the beginning of Amazon.com Inc’s two-day sale — than the previous day, according to search intelligence firm Captify. The data suggest shoppers want to snatch up discounted gadgets and appliances without making a long-term commitment to the world’s biggest online retailer. “If Amazon is hoping …

Bloomberg A Canadian man who lost five family members, including three children, in the Ethiopian Airlines crash last March is accusing planemaker Boeing Co of a “shameful pattern of behaviour” for how it designed the 737 Max and how it has acted since the accident. Paul Njoroge calls for a full recertification of Boeing’s best-selling model grounded since March 13 …

Bloomberg The pound fell to the lowest since 2017 as the market once again reckoned with no-deal Brexit risk after the contenders to be UK prime minister toughened their rhetoric. Sterling hit its weakest level in more than two years versus the dollar and a six-month low against the euro, as Brexit negotiations appeared to turn more hostile. Both leadership …

Bloomberg China’s efforts to shore up sagging economic growth are leading to a resurgence in indebtedness, underlining the challenge President Xi Jinping’s government faces in curbing financial risk. The nation’s total stock of corporate, household and government debt now exceeds 303% of gross domestic product and makes up about 15% of all global debt, according to a report published by …

Bloomberg The extended grounding of Boeing Co’s Max plane forced Ryanair Holdings Plc to scale back growth plans for next summer, putting the airline industry on notice the crisis is starting to affect longer-term plans. With a return date for the Max still uncertain after two fatal crashes, Ryanair is likely to receive barely half of the 58 planes it …