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Bloomberg US stocks opened higher and the dollar and Treasuries were largely steady as investors held tight before the release of the latest Federal Reserve minutes. European stocks advanced amid growing optimism over the region’s economy. Oil headed for its first gain in three days and base metals railled. Markets are settling down after a tumultuous few days spurred by ...

DUBAI / Reuters Most Middle Eastern stock markets rose on Wednesday, with Egypt ending a six-day losing streak, but trading volumes were thin in the absence of major new catalysts for investors. The Dubai index rose 0.3 percent as GFH Financial , the most active stock, climbed 2.9 percent. It had plunged 12.9 percent over the previous two days as ...

Bloomberg History suggests otherwise, but Morgan Stanley says Turkey’s peer-beating banks have room to rally further. Analysts including Samuel Goodacre increased share price targets for four of Turkey’s biggest lenders by an average 15 percent, saying a government credit guarantee facility will continue to underpin their earnings. Istanbul’s banks index is climbing even as the country’s borrowing costs rise to ...

Bloomberg HSBC Holdings Plc has hired three executives from Goldman Sachs Group Inc. as it seeks to bolster its equities business in the Asia-Pacific region, people familiar with the matter said. Michael Chandler, formerly Goldman Sachs’s co-head of Asia-Pacific research sales, has joined HSBC as head of equity sales for the region, the people said, asking not to be named ...

Bloomberg As the retirement of People’s Bank of China Governor Zhou Xiaochuan nears, his legacy of financial reform may yet live on through the advancing careers of people he’s helped guide to prominence. The latest examples of that phenomenon are five officials, associated with Zhou and seen as like-minded reformers, who were promoted since 2015 to key posts at the ...

Reuters Egypt’s central bank is seen leaving key interest rates unchanged this month, a Reuters poll indicated, after it raised them by 200 basis points last month for the second time as inflation soared. Egypt has raised key interest rates by 7 percentage points since it floated the pound in November as part of a $12 billion International Monetary Fund ...

Bloomberg The Gupta family, whose accounts are being closed down by the Bank of Baroda’s South African unit, have told the Indian lender that they’ve found another company willing to offer them banking services, according to a person familiar with the matter. The Bank of Baroda, which took on the Guptas after South Africa’s four biggest lenders closed their accounts, ...

Bloomberg Cathay Pacific Airways Ltd. is slipping in its efforts to get passengers to pay more for its premium services in a test for new Chief Executive Officer Rupert Hogg as the company reported back-to-back losses. Passenger yields continued to decline in the first half of the year, led by its services to North America and Europe, as discounts to ...

Reuters Air Berlin’s chief executive blamed long delays in the opening of a new Berlin airport for the German airline’s insolvency in an interview published by Germany’s Die Zeit. “Air Berlin is also a victim of the constant postponements of the new airport,” the weekly newspaper quoted Thomas Winkelmann as saying. Winkelmann’s comments came a day after Air Berlin, Germany’s ...

Bloomberg Target Corp. delivered another sign that its comeback is taking hold as stronger online sales helped brighten the retailer’s outlook. Second-quarter sales topped analysts’ estimates, and the company boosted its forecast for the rest of the year. That helped soothe investors after a rocky earnings season for retailers, sending Target shares up as much as 4.9 percent. The results ...