Bloomberg Grupo BTG Pactual, the Brazilian bank that was forced to sell assets after the arrest of its founder last year, is exploring the sale of its 50 percent stake in an African joint venture with state-run oil company Petroleo Brasileiro SA, according to people with knowledge of the matter. BTG has held sales talks with independent oil explorers ...

  Bloomberg Workers at South32 Ltd.’s Cerro Matoso, the world’s second-biggest ferro-nickel mine, voted to take strike action amid a dispute over negotiations on a wage agreement. Members of the Sintracerromatoso union approved the move at the operation in northern Colombia, the union’s negotiator Eder Blanco confirmed in a text message. A strike must begin before June 14, and a ...

BLOOMBERG The Fed factor dominated global markets, battering bonds and developing-nation currencies while lifting the dollar. Treasury 10-year futures slid the most in almost two weeks and German bunds declined after Federal Reserve Chair Janet Yellen said an interest-rate increase is likely in coming months. Emerging-market currencies headed toward the worst month since August and gold fell for a ninth ...

  Bloomberg Companies probably love getting attention from analysts at Emperor Securities Ltd. in Hong Kong. Investors who followed their advice for the past year, not so much. The unit of Emperor Capital Group Ltd. issued buy recommendations on every one of the 173 companies it reported covering from April 2015 through May 16. Its target prices, which the company ...

  Dubai / Reuters The oil market doomsayers are beginning to capitulate. Speculators reduced bets on falling prices to the lowest level in 11 months as oil briefly breached $50 a barrel on signs supplies are coming into balance. Crude climbed 7.4 percent this month in New York amid lower U.S. production and unplanned disruptions in Canada and Nigeria. Prices ...

  Bloomberg Danske Bank A/S is pitching a new product to help clients net their currency transactions and reduce the need for human traders. The second-biggest Nordic bank won a contract last week with Sweden’s government to provide the service and is now using that success to attract corporate clients. “For Danske Bank to be the primary, one-and-only supplier of ...

  Bloomberg Treasury 10-year futures contracts fell by the most in more than one week after Federal Reserve Chair Janet Yellen said that improvement in the US economy would warrant raising interest rates in the coming months. Ten-year Treasury futures contracts for September delivery slid 15/32, or $4.69 per $1,000 face amount, to 129 1/4 in New York, based on ...

  Bloomberg A Chinese state-run bank has revealed the inner workings of the yuan’s reference rate mechanism, including details on the lenders that provide prices as well as how the system was tweaked following market turmoil in January. The 14 contributors, which must consider the previous day’s yuan closing price, have to take into account movements in baskets of currencies ...

  Bloomberg Even after almost a year of unchanged rates, caution is still a virtue for economists gauging the Russian central bank’s next move. All but two of the 25 economists surveyed by Bloomberg agreed with the International Monetary Fund’s advice to keep the pace of future easing gradual. The rest said they concur with a call by the head ...

  Bloomberg Chinese billionaire Wang Jianlin’s Dalian Wanda Group Co. is offering HK$34.5 billion ($4.4 billion) to buy out its Hong Kong-listed property unit in the biggest take-private deal on the exchange ever, as it seeks a higher valuation for the business on mainland stock exchanges. Wanda Group will pay HK$52.80 for each Hong Kong-traded share of Dalian Wanda Commercial ...