Emerging-market advanced, trimming the biggest monthly slide since June, after better-than- estimated U.S. data bolstered optimism about global growth. Russia’s ruble tumbled to the lowest level in four years.
PSA Peugeot Citroen led a drop in high-yield corporate bond risk in Europe to the lowest in six years after Iran agreed to limit its nuclear program in exchange for an easing of international trade sanctions.
Vodafone Group Plc and Bharti Airtel Ltd. face an auction to keep using wireless spectrum in India that are set to expire in a year, a sale through which the government seeks to raise 400 billion rupees ($6.4 billion).
Singapore Telecommunications Ltd., Southeast Asia’s biggest phone company, posted second-quarter profit that beat analysts’ estimates as strong domestic sales offset the negative impact of a rising local currency.
Safaricom Ltd., Kenya’s biggest telecommunications company, may begin selling bundled Internet and television services for on-demand viewing within the next 12 months, Chief Executive Officer Bob Collymore said.
Reliance Communications Ltd., India’s third-largest mobile-phone company by market value, reported second-quarter profit that beat analysts’ estimates after income other than from operations almost tripled.
Billionaire Anil Ambani’s Reliance Communications Ltd. is offering iPhone contracts for the first time in India as it counts on data users to help revive earnings that shrank about 89 percent in four years.
The iShares MSCI Emerging Markets Index exchange-traded fund slumped, reversing earlier gains, after the Federal Reserve maintained the pace of stimulus while saying policy makers see improvement in economic activity.