Treasury futures linked to the 10- to 30-year part of the US government bond market rallied on light volume Monday, as traders looked ahead to an array of supportive factors that could come into play when trading resumes Tuesday after the Memorial Day holiday.
The majority of investors who took on mortgages in 2022 to pay for new Toronto condos have been losing money every month, a shift that could discourage future building in what is already one of North America’s tightest rental markets.
Saudi Arabia has unveiled a flurry of new investment projects led by the world’s biggest steelmaker as the kingdom dangles incentives for companies willing to operate in its special economic enclaves.
Eskom Holdings SOC Ltd., South Africa’s state power utility, will cut 6,000 megawatts of power from the grid from 4 p.m. Monday until 5 a.m. on Tuesday, instead of 5,000 megawatts, due to delays in returning 10 of its generating units to service.
Two state-owned Russian leasing firms based in Ireland have sought to prevent the appointment of a liquidator to wind-up their affairs by lodging a “last minute” application for an examiner to be appointed.
Bola Tinubu took over as Nigeria’s president and pledged to scrap a costly fuel subsidy, address widening insecurity and revive Africa’s largest economy.
Turkey’s lira weakened toward a record low after Recep Tayyip Erdogan won a presidential runoff election, extending his time as the nation’s longest-serving leader in a tenure that has increasingly alienated foreign investors.
Kenya’s central bank left the benchmark interest rate unchanged at its final meeting presided over by Governor Patrick Njoroge as it expects inflation to ease further.
The chaos in Spanish politics couldn’t come at a worse time for the European Union.
South Africa’s central bank has warned of dire consequences should the country face censure due to its stance on Russia’s invasion of Ukraine
