Bloomberg Jacob Zuma, who quit as South African president last year after being implicated in a string of scandals, is facing fresh allegations that he took bribes from services company Bosasa to shield it from prosecution and advance its business interests. Angelo Agrizzi, Bosasa’s chief operating officer from 1999 to 2016, told a judicial inquiry that’s probing graft during Zuma’s ...

Bloomberg The prize is Venezuela’s military. And both sides of the deepening crisis are working to win it. Activists backing National Assembly leader Juan Guaido walked the streets of Caracas, passing out copies of a measure that promises amnesty against corruption or abuse allegations to any member who defects. Some in uniform seemed willing to receive the documents; others burned ...

Bloomberg Cyprain fled his home when separatist fighters in Cameroon’s Northwest region threatened to kill him after he served government soldiers. He’s one of a growing number of civilians trapped between the army and roaming gangs of English-speaking insurgents fighting to break away from the majority-Francophone nation. The conflict has decimated the local economy in the conflict zone, and according ...

Bloomberg US stocks fell after Caterpillar and Nvidia blamed slowing global growth for disappointing results, adding to concern the trade war with China is hitting corporate profits. The dollar edged higher. The S&P 500 began a crucial week for trade and monetary policy sharply lower as the sector bellwethers doused enthusiasm over the young earnings season. The Dow Jones Industrial ...

Bloomberg The pound’s world-beating rally is unsustainable as traders are over-optimistic about the way forward on Brexit, according to money managers. Sterling has gained more than 3 percent versus the dollar this year, the most among its Group-of-10 peers, on conviction that the possibility of a no-deal Brexit has receded. Fund managers at both Aberdeen Standard Investments and BlueBay Asset ...

Bloomberg The Securities and Exchange Commission (SEC) is investigating whether Nissan Motor Co accurately disclosed its executive pay in the US, according to several people familiar with the matter, compounding the carmaker’s woes as it grapples with the aftermath of former chairman Carlos Ghosn’s arrest. The US financial regulator is examining whether Nissan’s executive-pay disclosures were accurate and whether the ...

Bloomberg Malaysia is planning a sale for $5.5 billion of real estate to bridge the gap between property oversupply and lack of affordable homes, with developers asked to offer at least 10 percent discount. The numbers are staggering: about 180 developers will offer 22,000 units worth a total of 22.5 billion ringgit ($5.5 billion) at the expo planned for March ...

Bloomberg Pakistan will raise $500 million in March through a fund aimed at its nationals living overseas, as South Asia’s second-biggest economy seeks investment after averting a balance-of-payment crisis. Pakistani citizens living abroad will be asked to invest in the fund managed by the Board of Investment and the central bank, Haroon Sharif, the chairman of the state-run agency, said. ...

Bloomberg Exports from Hong Kong fell more than expected in December as the impact of US-China trade tensions deepened in the port city, the first time sales abroad have contracted in consecutive months since 2016. December exports tumbled 5.8 percent from a year ago to HK$339.9 billion ($43.3 billion), while imports slid 7 percent to HK$391.2 billion in the same ...

Bloomberg Takeda Pharmaceutical Co is planning what would be the biggest single-tranche Japanese corporate yen bond sale in an effort to extend its debt obligations following its $62 billion purchase of Shire Plc, according to people with knowledge of the discussions. The drug maker is planning to sell as much as 500 billion yen ($4.6 billion) of hybrid notes in ...