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Bloomberg Brexit has taken a back seat for traders and fund managers trying to predict the pound’s outlook over the next few months. Implied volatility in sterling is the among the lowest in the Group-of-10 countries over the next three months. This is despite the failure of the third round of separation talks between the UK and the European Union ...

Reuters A German businessman joined the field of potential bidders for insolvent Air Berlin, proposing to focus on only a few routes to holiday destinations. Air Berlin, Germany’s second-largest airline, filed for bankruptcy protection in August after shareholder Etihad Airways withdrew funding following years of losses. Now the carrier is to be carved up, most likely among several buyers, with ...

Bloomberg Sweden’s Saab AB offered to build its Gripen warplanes in India with billionaire Gautam Adani’s conglomerate as a partner, stepping up efforts to win a potential $25 billion contract that could be the world’s biggest fighter-jet order in play. The collaboration with the Indian partner would include design, development and production of the Gripen aircraft for the South Asian ...

Bloomberg Dollar General Corp. is feeling the pressure as grocery competition heats up. Shares of the dollar-store chain fell the most in more than two months after it reported a tighter gross margin in the second quarter. Deeper discounts and steeper pay for managers contributed to the profit squeeze. The company also is grappling with rising occupancy costs and a ...

Bloomberg The chief executive officer-elect of South African Airways is making it his first priority to convince banks that the state-owned carrier’s new leadership is committed to stemming five straight years of losses and repaying its debt. Lenders and other stakeholders need to be assured that “there is a plan that is plausible for SAA,” Vuyani Jarana said in an ...

Bloomberg Sequoia Capital and IDG Capital are investing in Beijing-based Bitmain Technologies Ltd., the world’s largest bitcoin mining organisation, according to people familiar with the matter. Bitmain is raising $50 million from several venture firms to boost its profile among mainstream investors, said one of the people, who asked not to be named. Sequoia and the other firms also plan ...

Bloomberg Asia’s messaging apps have a history of becoming huge in their home market before struggling to gain traction overseas. South Korea’s Kakao Corp. is counting on the Japanese love of manga comics to break that trend. Amassing 43 million users at home has driven Kakao’s market value to $7.2 billion but it’s little known outside Korea, a factor that’s ...

Bloomberg Hyundai Motor Co. appointed a new chief for its China operations after payment disputes with vendors resulted in temporary shutdowns last month at four of its factories in the automaker’s biggest market. Tao Hung Tan replaced Chang Won-shin as the chief executive officer of Beijing Hyundai Motor starting September 1, the Seoul-based company said, without elaborating on the reasons ...

Bloomberg India plans to finalise trading specifications for the country’s new spot gold exchange in November amid a push to improve transparency in the world’s second-biggest bullion market, people familiar with the matter said. A panel of finance ministry and trade ministry officials, as well as industry groups including refiners, jewelry associations and export and import firms, plan to have ...

Bloomberg McDonald’s Corp.’s South Korean unit is cooperating with government authorities investigating a possible food-contamination case that prompted the company to suspend sales of its bulgogi burger. South Korea’s Ministry of Food and Drug Safety has started a probe into the cause behind some customers taking ill after consuming food at a McDonald’s restaurant in Jeonju, located south of Seoul, ...