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South African Stocks Set for a 10% Correction as Losses Deepen
South Africa’s stock benchmark has fallen 10% since peak in late February as investors pull away from overheated markets while conflict in the Middle East drags on.
Hedge Fund in Hong Kong Raid Took Big Bets, Failed Goldman Test
Before it was swept up in Hong Kong’s biggest financial-industry raids since 2017, hedge fund firm Infini Capital Management Ltd. was already a subject of intrigue in the city’s close-knit financial community.
UK Plans to Overhaul Nuclear Regulation to Speed Up Projects
The UK government said it would overhaul its nuclear power sector after a review criticized it for being too risk averse and favoring process over outcomes.
India Considers Covid-Era Relief For Exporters Hurt by Iran War
India’s government is discussing support measures for exporters similar to those implemented during the Covid pandemic to help soften the blow of trade disruptions triggered by the Iran war, people familiar with the matter said.
War Threatens ‘Abrupt End’ to UAE Real Estate Bond Bonanza
Investors who rushed to lend money to real estate developers in the United Arab Emirates are nursing losses as the Iran war hammers their bonds and threatens to stall a borrowing binge.
Volatility in GCC Spreads But Not Systemic, Mashreq Capital Says
The Fed is widely expected to hold rates steady next week as investors trim bets on a rate cut this year. Amol Shitole, Mashreq Capital's Fixed Income Head spoke to Bloomberg’s Horizons Middle East and Africa anchor Joumanna Bercetche on fixed income markets …
Ghattas: Iran & Allies Don’t Need Much to Cause Chaos
Iran’s new supreme leader said the Strait of Hormuz should remain shut. Mojtaba Khamenei also said they will look to open other fronts in the war if the US and Israel persist with their attacks during his first public comments since succeeding his father. Kim…
Spinneys CEO: Transport Costs Not Passed to Consumers
Transportation costs are slightly higher for UAE food supply but it isn’t being passed on to the consumers. That’s according to Spinneys CEO Sunil Kumar who spoke to Bloomberg’s Horizons Middle East and Africa anchor Joumanna Bercetche & pointed out that stoc…
China’s Credit Expansion Tops Forecast Despite Slower Bond Sales
China’s credit expansion surprisingly picked up from a year ago in February, helped by steady lending despite slower government bond sales.
EM Stocks Set for Second Weekly Drop as Oil Prices Stay Buoyant
Emerging market stocks are headed for a second consecutive week of losses as Brent oil stays above $100 a barrel amid a deepening Middle East conflict.