Turkey will take steps to eradicate a dual exchange rate that’s emerged in recent months, the finance minister said, suggesting the central bank’s regulations might have contributed to the spread between the official and parallel markets.
At least three nationwide Chinese banks lowered deposit rates, following a similar move by their smaller rivals last month as lenders battle shrinking margins.
The Brazilian state with some of the world’s biggest iron ore mines wants to attract investors to its lithium deposits in a bid to feed growing demand for the key material in electric-vehicle batteries.
Russia has accumulated billions of rupees in Indian banks which it can’t use, Foreign Minister Sergei Lavrov said Friday, pointing to a ballooning trade surplus with the South Asian nation.
Carvana Co.’s shares surged after the debt-ridden automobile retailer said it expects to report a profit this quarter as the volatile used-car market shows signs of stabilizing.
Air France-KLM left investors guessing about the strength of its recovery, abstaining from a full-year profit forecast and trimming its capacity prediction as French air-traffic control strikes and engine shortages inject uncertainty into the outlook.
Howard Marks, Oaktree Capital Management’s co-founder, will have treatment for a curable type of throat cancer, according to the Financial Times.
Software AG shares fell after the German company refused to enter talks with a rival bidder and said it’s supporting an increased €2.4 billion ($2.6 billion) offer from existing backer Silver Lake Management.
Germany plans to order 50 Puma infantry fighting vehicles from manufacturers Rheinmetall AG and Krauss-Maffei Wegmann GmbH for €1.5 billion ($1.7 billion) to restock the country’s armed forces, according to people familiar with the matter.
The International Monetary Fund is withholding a $188 million payment to Zambia to push the nation’s official creditors to agree to a long-awaited debt relief deal, but the Washington-based lender won’t fail the southern African nation, Managing Director Kristalina Georgieva said.
