Bloomberg Ukrainian President Volodymyr Zelenskiy suffered a setback in local elections as his party failed to win over urban voters and saw pro-Russian forces gain in popularity. The ballot came amid a spike in new cases of Covid-19 and after a tricky first year in power, with Zelenskiy struggling to deliver on promises to stamp out corruption and end a ...

Bloomberg With the US presidential election just over a week away, Americans are still encountering disinformation and misinformation online, especially on Facebook Inc, and many believe what they read, according to a survey released on Monday. The SurveyUSA poll of more than 3,000 registered voters found that 65% reported seeing political disinformation in their Facebook feeds. A quarter of them ...

Bloomberg The Reserve Bank of India (RBI) is making longer-tenor sovereign bonds attractive again. Quantum Mutual Fund has moved to the 10-14 year segment after staying in duration of up to three years in August in its 691 million rupees ($9.4 million) Dynamic Bond Fund. UTI Asset Management Co has turned overweight on bonds maturing in up to 15 years, ...

Bloomberg The coronavirus pandemic has led to a slowdown in developing physical infrastructure as countries’ economic health deteriorates, posing a challenge for the Asian Infrastructure Investment Bank (AIIB), its president said. “What worries me, what worries the bank is the deterioration of the economic situation of some of our members,” Jin Liqun said in an interview with Bloomberg Television on ...

Bloomberg Nomura Holdings Inc is hiring bankers for its mergers and acquisitions business in Japan as a sharp rebound in domestic deal-making vaults the nation’s biggest securities firm to the top ranks of global advisers. “We’re recruiting people more eagerly than usual,” global M&A head Shunichi Tsunoda said in an interview. Consultations on local deals are up about 30% to ...

Bloomberg Deutsche Bank AG is in advanced talks to sell a technology services unit to Tata Consultancy Services Ltd, Asia’s biggest software exporter by market value, people with knowledge of the matter said. The discussions about Bonn-based Postbank Systems AG are expected to result in a deal with the Indian company by the end of the year, the people said, ...

Bloomberg Kotak Mahindra Bank, backed by Asia’s richest banker, is exploring a takeover of smaller Indian rival IndusInd Bank, people with knowledge of the matter said, a move that would create the nation’s eighth-largest financial firm by assets. Uday Kotak, founder and chief executive officer of Kotak Mahindra, is looking at the possibility of an all-stock acquisition, one of the ...

Bloomberg UBS Group AG plans to raise the fixed salaries for some of its more senior employees by as much as 20% to prevent poaching by competitors. A review at Switzerland’s largest bank found differences in base pay among employees in the same roles, and when compared with competitors, people familiar with the plans said. As a result, UBS plans ...

Bloomberg European stocks and the US futures dropped as coronavirus infections continued to climb and investors doubted that Washington lawmakers will reach an economic stimulus package anytime soon. German software maker SAP SE plunged 20% after cutting its revenue forecast, saying that pandemic will continue to hurt business. Investors sought protection in haven assets. Treasuries rise, sending yields on the ...

Bloomberg India stocks fall as an elusive US stimulus deal kept sentiment muted in the region while investors closely watched local companies’ earnings. The S&P BSE Sensex lost 1.6% to 40,042.70 as of 2:19 pm in Mumbai, while the NSE Nifty 50 Index also declined by the same magnitude. “It is predominantly global factors at play here with US futures ...