Greece: Back in Crisis
Vienna’s mayor may be about to become the first politician in Europe toppled by the refugee crisis that is straining relations and upsetting voters from Britain to the Balkans.
James Hankle, a 50-something software engineer sporting blue jeans and a Green Party T-shirt, is trying to explain his fix for Vancouver’s runaway property prices when he’s interrupted by a eavesdropping passerby: “Stop allowing people from China to buy our houses and leave them vacant,” she says and walks away.
Lombard Odier, Geneva’s oldest private bank, plans to expand its private banking business in Japan, adding about 10 wealth management staff in a bid to double its client base and assets over the next two years.
Mark Mobius hasn’t given up on Brazil. Yet.
Augmented-reality developers will soon be able to get their hands on a prototype of Microsoft Corp.’s HoloLens. The cost? $3,000.
The worst commodity slump in a generation has a silver lining for India’s state-run energy explorer.
The top rupee forecaster sees the currency maintaining its position as Asia’s best performer after India allowed foreigners greater access to its debt.
The largest exchange-traded fund tracking Russia’s stocks rose to a two-week high as a surge in oil prices boosted the outlook for the energy companies that make up about 46 percent of its underlying assets.
Venezuela will see its economy shrink more than any other country in the world this year as lower oil prices drain government coffers, according to the International Monetary Fund.
Pan-African lender Ecobank Transnational Inc. has scrapped a sale of part of its Nigerian business because falling market values mean it wouldn’t get a good enough price, according to Chief Executive Officer Ade Ayeyemi.
University of Houston’s Craig Pirrong discusses who is to blame at Glencore with Bloomberg's Scarlet Fu, Joe Weisenthal and Alix Steel on "What'd You Miss?" (Source: Bloomberg) (Peter Grauer, the chairman of Bloomberg LP, the parent of Bloomberg News, is a senior independent non-executive director at Glencore.)
KKR head of energy and infrastructure Marc Lipschultz discusses how to invest in infrastructure to drive the economy. He speaks with Bloomberg’s Jason Kelly on “Bloomberg Markets.” (Source: Bloomberg)
Yum! Brands tumbled as much as 19 percent in late trading after a lingering slump in China caused the fast-food giant to miss third-quarter profit estimates. Bloomberg's Scarlet Fu and Tracy Alloway have more on "What'd You Miss?" (Source: Bloomberg)
Volkswagen AG Chief Executive Officer Matthias Mueller said the company will delay or cancel non-essential projects as pressure mounts to slash spending in the wake of the diesel-emissions scandal. Bloomberg's Hans Nichols reports on "Bloomberg Markets." (Source: Bloomberg)
SABMiller has rejected a formal offer of about $100 million from AB InBev, seeking a higher price in a deal what would create the world's largest brewer. Bloomberg's Ruth David reports on "Bloomberg Markets" (Source: Bloomberg)