Business

South Africa Seeks Advisers for Creditor Talks on Eskom Spin Off

South Africa will hire advisers in the coming weeks to begin negotiations with lenders on a plan to spin off state-owned power utility Eskom Holdings SOC Ltd.’s transmission subsidiary, according to the head of the National Treasury.

Nigeria: The Final Question - Is Nigeria Ready to Receive, Distribute Its Gas?

[Daily Trust] I thought my part two on gas was my final word - until readers challenged me at the end to clarify one critical question: What is the level of infrastructural preparedness to receive gas for distribution to consumers? They…

Job openings fell to a 3-month low. Is the labor market losing momentum?

After a burst of new job openings and hiring in the spring, the U.S. labor market appears to have lost some momentum.

Bloomberg Surveillance 8/4/2026

Jonathan Ferro, Lisa Abramowicz and Annmarie Hordern speak daily with leaders and decision makers from Wall Street to Washington and beyond. No other program better positions investors and executives for the trading day. (Source: Bloomberg)

Treasuries Rise as Falling Oil Prices Trim Fed Rate-Hike Wagers

Treasuries rose on Tuesday as signs of progress toward a diplomatic resolution of the Iran war sent oil prices lower, curbing expectations for more than one Federal Reserve interest-rate hike in the coming year.

Melbourne anti-weapons protest being investigated as terrorist act by ‘far-left extremists’

Federal police say those who vandalised a defence manufacturer and torched nearby cars could face life imprisonment Get our breaking news email , free app or daily news podcast Anti-weapons protesters who vandalised a defence manufacturer…

Moderna Starts Phase 1 Trial of Experimental Ebola Vaccine for Congo Outbreak

Moderna Inc. has begun testing an experimental Ebola vaccine in people, marking the second candidate to enter clinical trials against the strain driving the deadliest Ebola outbreak in Democratic Republic of Congo’s history.

Oil prices fall on hopes Strait of Hormuz could reopen

US Secretary of State Marco Rubio and Treasury Secretary Scott Bessent both announced talks had progressed to allow shipments to resume.

Goldman Warns of Hidden Credit Stress

Goldman Sachs’ chief credit strategist Amanda Lynam says today’s credit-market pressure is about dispersion, not widespread disruption. She joined Bloomberg Open Interest to explain why software borrowers face growing maturity risks, which…

Wayfair Rises, Caterpillar Surges on Earnings | Stock Movers

On this episode of Stock Movers: - Wayfair (W) shares jumped after the furniture retailer gave third-quarter guidance during its earnings call. The company said it expects high single-digit revenue growth in the current quarter…

Why Ford believes its 10.2% July U.S. sales decline was still a 'good' month

The July decline adds to a lackluster sales year for the automaker, with results off 9.7% compared to 2025.

AI cloud startup Volta valued at $2.4 billion, announces $10 billion AI partnership