Finance

Original title: Lab-Grown Gems Are Robbing Botswana of Its Diamond Riches Across Botswana the lines of patients outside government clinics are lengthening, construction companies dependent on state jobs are firing workers and university students are threatening to boycott lectures after not getting the allowance increases they were promised. The economic slowdown is a sharp reversal from just a few years ago when the world’s richest diamond deposits allowed the sparsely-populated desert nation of 2.5 million people to invest in free and efficient healthcare and plow money into funding tertiary education for students both at home and abroad. Its robust finances allowed it to provide for its citizens in a way that made it the envy of southern Africa. ...

Original title: India Tightens Options Rules Again After Jane Street Saga Follow Bloomberg India on WhatsApp for exclusive content and analysis on what billionaires, businesses and markets are doing. Sign up here. Original article

Original title: LatAm Fintech Kapital Raises Funds at $1.3 Billion Value Kapital, a Mexican financial services company, has raised $86 million at a valuation of about $1.3 billion to help build out its artificial intelligence capabilities, according to a person familiar with the matter. The round was led by existing backer Tribe Capital and co-led by Pelion Ventures, said the person, who asked to not be identified because the details aren’t public. Other participants included Y Combinator, Marbruck Ventures and True Arrow, the person said. ...

Original title: Stocks Fall as Rising Bond Yields Worry Investors: Markets Wrap Wall Street returned from a long weekend to renewed unease over frothy technology stocks and stretched government budgets. Global bonds staged a broad retreat and gold briefly touched an all-time high. Futures for the S&P 500 fell 0.7%, building on the tech-driven selloff that closed out last week. Nvidia Corp. led premarket losses among the Magnificent Seven , falling 1.5%. The Nasdaq 100 dropped 0.9%. The dollar posted its biggest gain since July, putting it on course for a first advance in six days. ...

Original title: Klarna, Backers Seek $1.27 Billion in US IPO After Tariff Pause Klarna Group Plc and some of its shareholders are seeking to raise as much as $1.27 billion as the financial-technology company revives a New York initial public offering that was delayed earlier this year amid market volatility. The company and some of its backers are offering 34.3 million shares for $35 to $37 apiece, according to a filing Tuesday with the US Securities and Exchange Commission. At the top of the range, the company would have a market value of about $14 billion based on the outstanding shares listed in the filing. ...

Original title: Singapore Appoints Firm to Study Advanced Nuclear Technology Singapore has appointed a UK-based engineering firm to study if the city-state can safely deploy nuclear power technology. Consultancy Mott MacDonald Ltd. will study the commercial readiness of small modular reactors and other nuclear technologies for the tiny gas-dependent island-nation, according to a statement from the Energy Market Authority on Tuesday. Original article

Original title: Yield on 30-Year Gilts Seen Rising Above 6% by Year End 00:00 Not out of control. I mean, we’re seeing yields rise and that’s kind of been exciting for for the market. I just think that we’re seeing that, you know, yields are becoming, you know, just gradually going higher in the UK. They need to do something on the fiscal side, either raise taxes, cut spending or both. And we’re not really seeing anything about that. We have to wait to the Autumn Statement. And so I think the moves that Starmer made yesterday by bringing some different people into number ten is kind of making people question who’s actually in charge of the fiscal side. So, David, I mean, first of all, what do you expect from the Autumn Statement? Because, you know, the Chancellor has a very narrow path to land the plane and last time it didn’t quite land where it should have. Well, I think there were probably more of the same. I think they’re going to try to, you know, live up to their manifesto that they don’t want to raise the three key taxes, even though realistically, ...

Original title: China’s Margin Trades Surge to a Record Amid Stock Rally Chinese investors are borrowing a record amount of cash to buy local stocks, further fueling a months-long rally that has largely been driven by liquidity. The outstanding amount of margin trades in China’s onshore equities market climbed to 2.28 trillion yuan ($320 billion) Monday, surpassing the previous record of 2.27 trillion yuan in 2015. Traders added such leveraged positions for all but three days in August. ...

Original title: Where Do US, India Trade Talks Stand Amid Tariff Tensions? 00:00 President Trump taking to Truth Social to pressure India as negotiations continue. He writes, quote, They have now offered to cut their tariffs to nothing, but it’s getting late. They should have done so years ago. This is all coming as India is now facing a 50% U.S. tariff. Let’s bring in Bloomberg’s Brendan Murray who tracks global trade for us. So Brendan, has India actually suggested it may drop its US tariffs to zero? Because we’re hearing from the US side. Not much as I’ve seen from the India side. Yeah, exactly. We haven’t heard of any official confirmation of this from the Indian side. We did hear the Indian Trade Minister say that there is a dialogue that’s continuing to go back and forth between Washington and New Delhi. But this is a long way from where we were just a couple of months ago. India was in the front of the pack to get it and get a trade deal with the US and the Trump administration. They were sounding very confident that they would get a break, the breakth ...

Original title: UK Markets Slide as Debt Angst Drives 30-Year Yield to 1998 High The yield on long-dated UK bonds rose to the highest since 1998 and the pound fell, pressuring Prime Minister Keir Starmer ’s government to regain the confidence of investors who remain concerned over the fiscal outlook. Yields on 30-year gilts jumped five basis points to 5.69% and the pound weakened more than 1%, lagging all other major currencies. The FTSE 100 Index retreated 0.5%. ...