Greece: Back in Crisis
The sale by Qatar Investment Authority of its 10 percent stake in Hochtief AG for 540 million euros ($615 million) marks the third publicly announced disposal in as many months by the sovereign wealth fund of the world’s largest exporter of liquefied natural gas.
Kenya’s central bank placed Imperial Bank Ltd., which sold 2 billion shillings ($19 million) worth of bonds earlier this month, under statutory management because of “unsafe or unsound business conditions.”
The pound advanced to the highest level in three weeks against the dollar as Anheuser-Busch InBev NV agreed to buy SABMiller Plc for about 68 billion pounds ($105 billion), boosting demand for the U.K. currency.
SUV deliveries surged last month in China to become the only passenger-vehicle category to register a sales increase, underscoring how consumer preferences are veering away from traditional lower-riding sedans amid a sharp slowdown.
Commodity producers and automakers dragged European stocks lower as worse-than-expected Chinese import data reignited investor concern over growth prospects in the world’s second-biggest economy.
Sri Lanka will issue a fresh international tender for offshore oil and gas blocks after billionaire Anil Agarwal’s Cairn India Ltd. relinquished its exploration rights in the South Asian island.
India’s rupee fell the most in five weeks on speculation importers are taking advantage of the currency’s recent strength to buy dollars.
Old Mutual Plc’s private-equity unit plans to buy stakes in two consumer-facing companies this month, betting that high-end spending will remain strong even as a mining slump puts pressure or South Africa’s economy.
Emerging-market stocks slid from a nine-week high as commodity producers dropped after China’s imports slumped more than economists estimated. Malaysia’s ringgit led developing-nation currencies lower.
U.S. business travelers are taking more trips this year, though companies are being stricter on authorizing international visits in the wake of global economic concerns and the collapse of oil prices.
Steven Major, global head of fixed income research at HSBC, and Bloomberg's Thomas Buckley examine AB InBev's $106 billion agreement to purchase SABMiller and the potential regulatory hurdles to the deal. They speak on "On The Move." (Source: Bloomberg)
Barclays is close to naming Jes Staley as its next chief executive officer, reverting to an American investment banker to accelerate a companywide overhaul three years after the departure of Robert Diamond. Bloomberg's Stephen Morris reports on "Countdown." (Source: Bloomberg)
Anheuser-Busch InBev agreed to buy SABMiller for almost 69 billion pounds ($106 billion), raising its bid after several rejections to clinch a record industry deal that will bring one out of every three beers sold worldwide under a single company. Bloomberg's Thomas Buckley has more on "Countdown." (Source: Bloomberg)
Roger Bootle, Capital Economics' executive chairman, discusses China's trade data and Federal Reserve monetary policy with Bloomberg's Guy Johnson and Caroline Hyde on "Countdown." (Source: Bloomberg)
Bloomberg.com/europe Senior Editor Tim Coulter reviews the top story from Bloomberg.com: ‘Talk Is Cheap for Euro as QE's Diminishing Returns Thwart Draghi.’ Tim joined Guy Johnson, Anna Edwards and Societe Generale’s Kit Juckes on "Countdown."