Bloomberg Business

Zimbabwe’s currency weakened almost 14% in the weekly central bank auction, just days after Finance Minister Mthuli Ncube called for changes to how the foreign-exchange market is managed.

Investors have come to terms with the prospect that President Recep Tayyip Erdogan’s unconventional stewardship of the economy is here to stay for as long as Turkey can afford it.

Telkom SA SOC, South Africa’s third-largest telecommunications company, plunged by as much as 30% after warning of a potential asset writedown of about 13 billion rand ($679 million) — the equivalent to almost its entire market value.

Life Insurance Corporation of India has tumbled 40% since its trading debut a year ago, putting it among the worst performers of newly listed companies, as the country’s biggest initial public offering struggles to attract investors.

The Philippine government will take back control, if needed, of the company that runs the nation’s power transmission network partly owned by State Grid Corp. of China, President Ferdinand Marcos Jr.’s office said.

Ghana’s currency has become the world’s best performer against the dollar over the past six months as investors bet the nation is on the brink of securing International Monetary Fund board approval for a $3 billion bailout.

Russia is finding oil customers in Asia to replace sanctions-blocked European buyers — by clawing away at the market share of its energy allies.

Zimbabwe’s government said it will take control of the production of carbon credits in the country, stipulating that it will be entitled to half of the revenue from the securities.

Jeremy Hunt said he couldn’t promise UK tax cuts ahead of a general election that’s likely to be held next year, despite calls from within his own Conservative Party to do so.

ShareAction is worried banks will settle on a model that will be significantly weaker than originally expected.