IMF Says ‘Almost’ Done Lining Up Financing for Tunisian Deal
The International Monetary Fund signaled it was close to completing a financial arrangement that should allow Tunisia to secure a $1.9 billion rescue package.
Bloomberg Top News
Weight-Loss Brand Jenny Craig to Close Down Operations
Jenny Craig, the weight loss and nutrition business backed by HIG Capital, will shut down after four decades of operation after failing to secure additional financing, according to an employee.
French Ruling Shoots Down Pension Referendum in Blow for Unions
France’s Constitutional Council rejected a second attempt to hold a referendum on President Emmanuel Macron’s decision to raise the retirement age to 64, as opponents are running out of options to overturn the unpopular pension reform.
Messi in Talks for $400m Saudi Deal, Telegraph Says
Saudi Arabia is preparing to offer football star Lionel Messi a $400 million annual contract to play with the Saudi Pro League this summer, the Telegraph reported.
Toronto Housing Market Roars Back With Sales, Prices Surging
Toronto’s housing market hummed back to life last month as the traditional spring selling season brought a surge in both sales and prices following last year’s record rout.
Biden’s World Bank Pick Wins Top Job, Signals Climate-Change Shift
The World Bank ratified the nomination of Ajay Banga as its next head, giving the Biden administration a chance to evolve the anti-poverty lender toward a greater focus on climate change.
Unilever Shareholders Reject Director Pay After Messy Year
Unilever Plc’s shareholders voted down the company’s 2022 remuneration report after a botched attempt to buy the consumer arm of pharma company GSK Plc and years of lackluster share price performance.
Biggest Commodities Traders Doubled Profits to $77 Billion in 2022
Some of the world’s biggest commodities traders doubled their profits to around $77 billion last year as global energy prices soared following the easing of pandemic restrictions and Russia’s invasion of Ukraine.
Bolsonaro Denies Wrongdoing After Police Raid Over Covid Records
Brazil’s former President Jair Bolsonaro denied wrongdoing after federal police searched his Brasilia home Wednesday morning in a case about alleged alteration of Covid-19 vaccination records.
FDIC’s McKernan Says Failed-Bank Auctions Aren’t Competitive
The Federal Deposit Insurance Corp. failed to create a level playing field for nonbank bidders pursuing First Republic Bank, according to FDIC board member Jonathan McKernan.