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Bloomberg Occidental Petroleum Corp. has received over $75 billion in orders for its bond sale to help finance its acquisition of Anadarko Petroleum Corp., according to people familiar with the matter. It’s the biggest demand for a debt deal since Saudi Arabia’s Aramco received more than $100 billion in orders in April and a sign that investors are willing to …

Bloomberg The co-founder of Neil Woodford’s investment firm is selling two properties with a combined asking price of about 15 million pounds ($18 million), the Times of London reported, citing documents related to a private sale. Craig Newman, who worked with Woodford at Invesco Perpetual before they started their own firm, seeks 10mn pounds for a house in Oxfordshire, England, …

Bloomberg Toronto home sales and prices continued to move higher in July amid tight supply. Sales in Canada’s biggest city jumped 24% to 8,595 from the same period last year, the Toronto Real Estate Board said in a report Tuesday. On a seasonally-adjusted basis, sales rose 5.1% from June, the most since the end of 2017, before harsher mortgage-lending rules …

Bloomberg US equity futures rose alongside European stocks while Asian shares fell after China moved to stabilise its currency, helping ease some of the market turmoil that kicked off the week. The global sell-off in equities abated after China fixed its yuan exchange rate at stronger than 7 per dollar, a key level that when breached in markets fuelled the …

Bloomberg Indian stocks rose after Credit Suisse AG upgraded the nation to overweight amid an escalating US-China trade war, while the government sought to cement its position by revoking seven decades of autonomy in the disputed Muslim-majority state of Kashmir. The S&P BSE Sensex gained 0.8 percent, its biggest increase in a month, to 36,976.85 at the close in Mumbai. …

Bloomberg European banks lobbying for special treatment on new capital rules are in for a disappointment. The European Banking Authority (EBA) said the bloc should stick closely to what was agreed at a global level when it implements new regulations in the region, according to a report. It specifically rebuffed suggestions from banks on how to tailor the rules to …

Bloomberg The Swiss National Bank’s (SNB) holdings of US stocks touched a record $92.7 billion in the second quarter, benefiting from a rise in equity markets. The SNB’s US regulatory filing is one of the few glimpses into its vast investment portfolio, amassed as a consequence of its interventions to weaken the franc. It revealed stakes in 2,554 US companies, …

Bloomberg Wells Fargo & Co. is getting into the burgeoning esports market, joining a funding round for Matcherino Inc., a provider of software and services for running competitive video-gaming tournaments. Wells Fargo Strategic Capital and technology investment firm Galaxy Digital are putting in $1.5mn for an undisclosed percentage of Matcherino, bringing the startup’s current funding round to more than $4.1mn, …

Bloomberg India’s central bank is poised to deliver its fourth successive quarter-point interest rate cut on Wednesday, amid calls from investors and the government for further easing as a slowdown gripping the economy becomes more pervasive. The Reserve Bank of India will lower the benchmark repurchase rate by 25 basis points to 5.5%, according to almost all of the 36 …

Bloomberg South Africa’s biggest financial union is threatening to disrupt the country’s banking industry by leading its 73,000 members on a strike next month, in what would be its largest industrial action in almost a century. The planned two-day walkout will target lenders that have consulted staff over job cuts in recent months and other institutions that employ members of …