Zambia's kwacha is nearing parity with the South African rand. Chief Africa Correspondent Jennifer Zabasajja reports the kwacha has appreciated almost 18% against the dollar this year - making it the second-best performing currency tracked by Bloomberg.
The US says it has intercepted several Iranian ballistic missiles on its military bases - breaking the brief pause in fighting in the Middle East. Meanwhile the US and Saudi forces launched attacks on Iran-backed militia targets in Iraq in response to the drones attacking Saudi's energy infrastructure. Julia Roknifard, Senior Lecturer, School of law and governance at Taylor's University Malaysia spoke to Bloomberg's Abeer Abu Omar on Horizons Middle East & Africa on the reescalation in the region.
Marina Zavolock, chief European equity strategist at Morgan Stanley, says she hasn't seen such a strong earnings season in Europe in years. "We're seeing more interest in European equities in part because of the strong earnings season," she tells Bloomberg Television.
Despite market volatility and geopolitical uncertainty, there is more confidence from large corporates when it comes to M&A, as these sponsors strive to be more decisive in their dealmaking says Anna Skoglund, Co-Head of EMEA Investment Banking at Goldman Sachs. She spoke to Bloomberg's Anna Edwards on "The Pulse" on July 28.
Despite market volatility and geopolitical uncertainty, there is more confidence from large corporates when it comes to M&A, as these sponsors strive to be more decisive in their dealmaking says Anna Skoglund, Co-Head of EMEA Investment Banking at Goldman Sachs. She spoke to Bloomberg's Anna Edwards on "The Pulse" on July 28.
Lizzy Burden, Anna Edwards and Mark Cudmore break down today's key themes for analysts and investors on "Bloomberg: The Opening Trade."
SK Hynix shares slide by a daily record of around 19% in Seoul Wednesday, erasing early gains after the memory maker reported lower-than-expected operating profit for the second quarter and announced plans for higher spending. The company earmarked at least $31 billion in capital spending this year after reporting a six-fold surge in quarterly profit. Bloomberg's Anthony Stephens reports.
Standard Chartered Chief Executive Officer Bill Winters says the bank is happy with earnings as results beat expectations. "We feel very, very good about the momentum that we've got," he tells Bloomberg's Lizzy Burden. Winters speaks on Bloomberg Television after the London-based lender unveiled a fresh $1 billion share buyback, adding that Standard Chartered has a "strong capital position."
UBS Chief Executive Officer Sergio Ermotti says the integration of former rival Credit Suisse "is almost done." He also talks about the Zurich-based bank's announcement of a new $3 billion share buyback program to run until mid-2027, and how he expects "spikes of volatility" to continue in markets for the rest of the year. Ermotti speaks with Bloomberg's Guy Johnson.
Simon Trott, CEO of Rio Tinto, the world's second-largest miner by market capitalization, says iron ore demand remains resilient and stable. He speaks with Haidi Stroud-Watts and Paul Allen on "Insight with Haslinda Amin."
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