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Bloomberg South Korean envoys met with Kim Jong-un in Pyongyang, as they sought to revive nuclear talks that have stalled since US President Donald Trump’s summit with the North Korean leader. A five-member delegation sent by South Korean President Moon Jae-in were expected to return to Seoul late on Wednesday and brief the media on the talks on Thursday, his ...

Bloomberg South African farmers’ lobby group Agri SA slammed the ruling party’s plans to change the constitution to make it easier to expropriate land without compensation and accused the government of failing to implement existing policies to address racially skewed ownership patterns. Government data shows more than two-thirds of farmland is owned by whites, who constitute 7.8 percent of the ...

Bloomberg An ally of German Chancellor Angela Merkel will run for the leadership of the European Commission as the continent’s biggest party seeks to counter a populist revolt. Manfred Weber, German head of the Christian Democrats in the European Parliament, said on Wednesday he would seek to succeed Luxembourg’s Jean-Claude Juncker as president of the Brussels-based commission. Juncker’s term atop ...

Bloomberg The Democratic Republic of Congo’s top court disqualified opposition leader Jean-Pierre Bemba from presidential election because of his International Criminal Court conviction for witness-tampering. The decision confirms the removal of a second key opponent from the race against President Joseph Kabila’s anointed successor and increases the risk of protests by Bemba’s supporters. It also raises questions about the credibility ...

Bloomberg US stocks fell, with FANG shares tumbling as executives of the tech heavyweights face scrutiny on Capitol Hill. The selloff in emerging market currencies deepened, adding to the risk-off tone on global financial markets. Twitter, Facebook and Alphabet sent the Nasdaq Composite Index down by more than 1 percent during Senate Intelligence Committee hearing on social media and foreign ...

Bloomberg A fresh sign that the financial industry’s love affair with cryptocurrencies is cooling pummeled the largest tokens. Ether sank as much as 15 percent and Bitcoin fell almost 7 percent to a three-week low amid a report that Goldman Sachs Group Inc. is pulling back on near-term plans to set up a crypto trading desk. Litecoin and Ripple followed ...

Bloomberg Africa is entering the oil-hunt spotlight as drillers, flush with cash after crude’s recovery, are turning their attention back to the continent’s potentially vast resources. The world’s biggest companies from Exxon Mobil Corp. to Royal Dutch Shell Plc and BP Plc are setting up camp across Africa. Armed with stronger balance sheets and higher crude prices the industry is ...

Bloomberg Indonesia plans to delay $25 billion worth of power projects as it seeks to rein in a widening current-account deficit and a selloff in the nation’s currency. The government will delay almost half of the planned 35 gigawatts of electricity projects as it wants to ease pressure on imports, Energy and Mineral Resources Minister Ignasius Jonan told reporters in ...

Bloomberg The world’s biggest offshore oil driller may reactivate two to three mothballed rigs a year as the industry embarks on a full-fledged recovery for deepwater exploration. In announcing a $2.7 billion deal for a rival operator, Transocean Ltd. cited a forecast by energy consultant Wood Mackenzie Ltd. that day-rates in waters more than two miles deep will more than ...

Bloomberg The unraveling of one of India’s most storied business empires has caused a rupture in its founding family, with one of the Singh brothers — synonymous with each other for decades — saying he has sued the other for alleged “oppression and mismanagement” of their companies. In a statement, Shivinder Singh said he filed a case with India’s National ...