Ruto Vows to Buy Back Half of Kenya’s $2 Billion Bond This Year
Kenya plans to repurchase at least half of its $2 billion eurobond that’s maturing in June 2024 before the end of this year, President William Ruto said.
Bloomberg Business
Rate Hikes Echo Around the World as Inflation Proves Unrelenting
Central bankers’ mounting concern that inflation remains undefeated is locking them into a new phase of monetary constriction on economies already jolted by a year or more of interest-rate hikes.
Goldman Adds to Calls on Overvalued Mexico Peso After Rally
The Mexican peso is looking increasingly overvalued, according to Goldman Sachs Group Inc, after a stunning rally that has brought it to the strongest level since December 2015.
Yellen Sees Urgency in Boosting IMF Poverty-Fighting Arsenal
US Treasury Secretary Janet Yellen said there’s a pressing need to bolster the finances of the International Monetary Fund’s flagship trust that tackles poverty, and that richer nations must do more to support poorer countries facing debt stress.
World Bank Targets Private Funding for Emerging Markets
A new initiative will mobilize private sector capital to address climate change and tackle poverty.
RedBird in Talks to Invest in Renault’s Alpine Formula 1 Team
Renault SA is in talks with RedBird Capital Partners over a possible investment in its Alpine Formula 1 team, a key part of the French carmaker’s sports-car business, according to people familiar with the matter.
ASML to Face New Export Restrictions to China as Soon as June 30
The Dutch government is planning to publish new export controls that will restrict more of ASML Holding NV’s chipmaking machines from being sent to China as soon as next week, according to people familiar with the matter.
US Home Resales Barely Rise as Inventory Constraints Worsen
Sales of previously owned US homes barely rose in May as high mortgage rates continued to crimp demand and discourage owners from listing their properties.
Yen Falls to Record Low Against Swiss Franc on Policy Divergence
The yen fell to a record low against the franc amid the growing monetary policy divergence between Japan and Switzerland, with the Swiss National Bank announcing the latest rate hike Thursday in a tightening cycle that began more than a year ago.
Del Vecchio’s Holding Firm to Cash in Over $945 Million in Dividends
The Del Vecchio family’s investment company expects to get more than €860 million ($945 million) in dividends this year from its holdings, including eyewear-maker EssilorLuxottica SA.
