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Bloomberg Brazilian equity offerings will probably top 159 billion reais ($30.7 billion) this year, blowing past 2020 as the strongest year ever, according to Bank of America Corp (BofA). Corporate share sales already total 126 billion reais through August 30, up 40% from the same period in 2020, data compiled by Bloomberg show. Initial public offerings (IPOs) reached a record, ...

Bloomberg Nigerian banks are some of the cheapest stocks in Africa, more evidence of how a shortage of dollars in the continent’s largest economy is discouraging foreign investors. Four of the five African stocks with the lowest price-earnings ratios among companies valued at $500 million or more are Nigerian lenders, data compiled by Bloomberg show: United Bank for Africa Plc, ...

Bloomberg Deutsche Bank cut correspondent banking ties with Standard Bank Group Ltd’s Zimbabwean unit, dealing a body-blow to one of the few remaining international banking providers operational in the southern African nation. Stanbic Bank Zimbabwe Ltd is the latest lender to have its US dollar correspondent banking services terminated by an international bank. “Deutsche Bank were no longer able to ...

Bloomberg HSBC Holdings Plc’s chief executive officer for Canada, Linda Seymour, spent her first year on the job as what she calls “a virtual CEO.” While Seymour is looking forward to that phase of her tenure being over, experience has validated her priorities at the helm of one of country’s biggest banking operations. Seymour, who took over as president and ...

Bloomberg Barclays Plc is the latest bank in the United States to keep unvaccinated staff at home for the time being. “As we continue inviting our colleagues back to our offices in New York, we made a decision to focus initially on those already vaccinated,” Barclays said. Banks are bringing more staff back to their premises around the world after ...

Bloomberg Apple Inc.’s push to bring satellite capabilities to the iPhone will be focused on emergency situations, allowing users to send texts to first responders and report crashes in areas without cellular coverage. The company is developing at least two related emergency features that will rely on satellite networks, aiming to release them in future iPhones, according to a person ...

Bloomberg India’s digital loan market is becoming a battleground for companies from Facebook Inc. to Xiaomi Corp., seeking a foothold in what’s set to be a $1 trillion industry. Facebook said India would be first country where it rolls out its small business loan program offering loans via a partner to firms that advertise on its platform. The loans will ...

Bloomberg Nuro Inc, which has unmanned delivery pods scurrying around Southwestern streets, said that it will build a $40 million facility to assemble and test a new generation of autonomous vehicles in Nevada. The expansion marks an inflection point for the five-year-old robotics startup. After three years refining its autonomous driving system while delivering groceries, prescriptions and pizza, it says ...

Bloomberg Twitter Inc is planning to test new privacy-related features aimed at giving users greater control over their follower lists and who can see their posts and likes, an effort to make people more comfortable interacting and sharing on social network. The tools are related to what Twitter executives call “social privacy,” or how users manage their reputations and identities ...

ABU DHABI / WAM Under the supervision of the Higher Committee of Digital Government in the Emirate of Abu Dhabi, the Department of Government Support (DGS) represented by the Abu Dhabi Digital Authority (ADDA) has announced the official internet top level domain name for the Emirate of Abu Dhabi, “.abudhabi”, which represents the digital identity of the emirate in the ...