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'Last Night I Had Nightmares' Says Airtel Money CEO Before IPO

Mobile payments firm Airtel Money starts trading on the London Stock Exchange on Friday, a listing that may mark the largest initial public offering for the bourse in five years. How the company trades will be the next test in London's efforts to revitalize its capital markets. A strong first day would imply the city is fertile ground for IPOs and may encourage more companies to list on the LSE. At the same time, a debut that slips below the offer price would send a negative signal through the market, potentially deterring listing candidates. Airtel Money's CEO Ian Ferrao joined Caroline Heper and Charles Capel on Bloomberg Radio to discuss.

Read more: 'Last Night I Had Nightmares' Says Airtel Money CEO Before IPO
Bloomberg
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Why JPMorgan Is the Most AI-Advanced Bank

Artificial Intelligence deployment across banking is moving at its fastest pace yet, with JPMorgan yet again leading Evident Insight's ranking of the world's most AI-advanced banks. Evident CEO and co-founder Alexandra Mousavizadeh explains why early movers are pulling ahead and why banks investing most heavily in the technology are still growing headcount even as AI changes jobs. She speaks to Tom Mackenzie on the latest episode of "Bloomberg Tech: Europe."

Read more: Why JPMorgan Is the Most AI-Advanced Bank
Bloomberg
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Tencent-Backed Uzum Talk Attracting US Investment

Tencent backed firm Uzum says they are not concerned about attracting investors from the US despite trade tensions with China. The Uzbek fintech firm has raised money from investors including Tencent and Oman's sovereign funds, with the latest round valuing the company at $2.3 billion. Nikolay Seleznev, Co-founder and Chief Strategy Officer of Uzum spoke to Bloomberg's Abeer Abu Omar on Horizons Middle East & Africa.

Read more: Tencent-Backed Uzum Talk Attracting US Investment
Bloomberg
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China Rejects Claims the Yuan Is Undervalued

China's central bank rejected claims that the yuan is undervalued as trade talks began with the European Union, where officials have increasingly blamed trade imbalances on the exchange rate. The People's Bank of China argued that exchange-rate adjustments won't resolve structural imbalances in the global economy. Bloomberg's Oliver Crook reports.

Read more: China Rejects Claims the Yuan Is Undervalued
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Awori: China MOU to Ease Africa's USD Liquidity Pressure

Ecobank and China's Cross-Border Interbank Payment System have signed a MOU to strengthen payment connectivity between China and Africa. It comes as the pan-African banking group opens its first office in Beijing. Jeremy Awori, Group CEO of Ecobank spoke to Bloomberg's Chief Africa Correspondent Jennifer Zabasajja on Horizons Middle East & Africa about their agreement with China plus their operations in Senegal and the future of their Chairman.

Read more: Awori: China MOU to Ease Africa's USD Liquidity Pressure
Bloomberg
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Rizk: Fiscal Pressures Show in Bahrain Bonds

A selloff in Bahrain's bonds is pushing its borrowing costs to levels last seen during the nation's 2018 crisis. The heavily indebted Gulf state is grappling with the fallout from the Iran war just as surging US Treasury yields drive up its debt-servicing costs. Zeina Rizk, Co-Head of Fixed Income at Amwal Capital Partners spoke to Bloomberg's Abeer Abu Omar on Horizons Middle East & Africa on the bond performances in the GCC. Corrects misquote in headline.

Read more: Rizk: Fiscal Pressures Show in Bahrain Bonds
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Rizk: Economic & Physical Pressure Show in Bahrain Bonds

A selloff in Bahrain's bonds is pushing its borrowing costs to levels last seen during the nation's 2018 crisis. The heavily indebted Gulf state is grappling with the fallout from the Iran war just as surging US Treasury yields drive up its debt-servicing costs. Zeina Rizk, Co-Head of Fixed Income at Amwal Capital Partners spoke to Bloomberg's Abeer Abu Omar on Horizons Middle East & Africa on the bond performances in the GCC.

Read more: Rizk: Economic & Physical Pressure Show in Bahrain Bonds
Bloomberg
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US Won't Attack Iran Before Midterms, Trump Says

US President Donald Trump said in a social media post on Thursday that the US would not be attacking Iran before November's midterm elections. His decision comes despite Iran escalating attacks on tankers in the Strait of Hormuz, Tehran-backed militants in Yemen attacking energy facilities in Saudi Arabia and Trump's decision to move US bombers from a base in the UK because of possible Iran-linked threats. Bloomberg's Stuart Livingstone-Wallace reports.

Read more: US Won't Attack Iran Before Midterms, Trump Says