Bloomberg Ivory Coast’s Constitutional Council cleared President Alassane Ouattara to seek a controversial third term in next month’s election as it rejected the candidacy of two prominent opposition leaders. The incumbent and his main challenger, Henri Konan Bedie, are among four candidates out of 44 presidential hopefuls that the panel allowed to participate in the October 31 vote. It barred ...

Bloomberg The US State Department updated its travel advisory on Hong Kong based on China’s implementation of a national security law widely seen as eroding freedom in the once-autonomous city. “Since the imposition of national security legislation on July 1, the PRC unilaterally and arbitrarily exercises policy and security power in Hong Kong,” the State Department said on its website, ...

Bloomberg Australia’s central bank said the appreciation of the currency was consistent with higher commodity prices — particularly iron ore — while providing no indication that additional monetary measures are imminent. “While members noted that the Australian dollar was broadly aligned with its fundamental determinants, a lower exchange rate would provide more assistance to the Australian economy in its recovery,” ...

Bloomberg Nigeria’s Securities and Exchange Commission (SEC) said it will regulate trade in digital currencies to provide protection for investors and to ensure that transactions are transparent. “The general objective of regulation is not to hinder technology or stifle innovation, but to create standards that encourage ethical practices,” the Abuja-based regulator said in an emailed statement. The agency said it’s ...

Bloomberg The kiwi has all but priced in a negative New Zealand cash rate. All that’s left is the question of when. After rallying more than 20% from its March low, the currency is coming under pressure as traders bet the benchmark rate could drop below zero in the first few months of 2021. Economic growth and consumer confidence data ...

Bloomberg United Overseas Bank Ltd. (UOB) has imposed a freeze on hiring, pay and promotions as the Singapore lender prepares for a further decline in earnings following the coronavirus pandemic. The city state’s third-largest bank told staff that it expects the situation to worsen before improving when the government cuts some of its support, according to an internal memo sent ...

Bloomberg Barclays Plc asked Pritpal Gill, head of foreign exchange trading in Asia Pacific, to leave after about 18 months with the British lender. Gill, head of G10 foreign exchange and foreign exchange options trading in the region, is departing as part of cost cutting measures across the bank’s corporate and investment divisions. Gill joined Barclays in January 2019 and ...

Bloomberg Citigroup Inc. will resume job cuts starting this week, joining rivals such as Wells Fargo & Co. in ending an earlier pledge to pause staff reductions during the coronavirus pandemic. The cuts will affect less than 1% of the global workforce, the bank said in a statement. With recent hiring, overall headcount probably won’t show any drops, Citigroup said. ...

Bloomberg Taiwan’s central bank urged traders to show restraint in sales of US dollars and not to offload large amounts in single transactions, but didn’t set a cap, according to a statement from the monetary authority. The statement follows media reports that central bank has restricted banks’ sales of US currency to no more than $5 million per trade in ...

Bloomberg European stocks climbed for a third day, supported by improving Chinese economic data and positive results coming from retailers. US equity futures advanced and the euro strengthened. Ocado Group Plc rallied after the UK grocery delivery company reported a strong surge in sales. Hennes & Mauritz AB jumped after beating profit estimates. European government bonds fall. The offshore yuan ...