Uganda’s shilling headed for the biggest drop in almost eight years as officials said they would need to revise the budget after the World Bank halted new funding to the country for its passage of anti-LGBTQ legislation.
The UK is considering whether to follow President Joe Biden’s move to limit US investment in some Chinese advanced technology companies, as Western nations seek to strike a balance between protecting national security with the economic necessity of trading with China.
The assassination of a leading presidential candidate in Ecuador less than two weeks before the vote adds pressure to a country already wracked by political and drug violence.
The Nigerian naira extended its slump in black-market trading as the nation’s dollar shortage deepened two months after the central bank moved to a more flexible exchange rate to encourage inflows.
The cost of making a classic Pizza Margherita at home rose at more than twice the pace of overall inflation in Italy last month as olive oil prices soared by close to one-third.
Blackstone Inc. raised $7.1 billion for a fund to finance solar companies, electric car parts makers and technology to cut carbon emissions.
Lulu Group International, which operates one of the Middle East’s largest hypermarket chains, is raising 10 billion dirhams ($2.72 billion) to refinance debt ahead of a potential initial public offering, people familiar with the matter said.
Milojko Spajic, a former finance minister and Goldman Sachs Group Inc. credit analyst, was tapped to become prime minister by Montenegro’s president after his party prevailed in general elections.
Shanghai police have arrested five people for illegal trading of foreign exchange, state media reported Thursday without giving the full name of the suspects or the company they work for, state media reported.
Country Garden Holdings Co. was downgraded three notches by Moody’s Investors Service to Caa1 from B1 in the wake of this week’s missed dollar-bond coupon payments.
