Banks are lining up around €1.5 billion ($1.6 billion) of debt financing to back a potential buyout of Austrian packaging firm Constantia Flexibles as owner Wendel SE kicks off a sale process.
South African Finance Minister Enoch Godongwana said his country resolved a row with the US over allegations that Pretoria supplied weapons to Russia and it’s unlikely to face any repercussions. The rand rallied after dropping to a record last week.
The volume leaving Russia on tankers has risen by 10% since early April
The Nigeria Sovereign Investment Authority will invest as much as $1 billion over the next three years, focusing on building solar and health care infrastructure, to help boost growth in Africa’s most-populous country.
The Philippine central bank is likely to leave its key interest rate unchanged this week, Governor Felipe Medalla said, as cooling inflation gives monetary authorities reason to pause the most aggressive tightening cycle in two decades.
Cardiologists, surgeons and other senior doctors in England began voting on strike action over pay, piling pressure on UK Prime Minister Rishi Sunak to resolve a series of damaging disputes in the National Health Service.
China’s Zijin Mining Group Co. said it stopped operations at one of its mines in Tibet amid a hunt for six people missing after an accident.
Thailand’s two biggest pro-democracy parties agreed to join in a coalition that would give them a clear majority in the lower house, moving to quickly maintain momentum after a stronger-than-forecast showing in Sunday’s elections.
Hedge funds are starting to doubt the pound’s rally will last much longer after a surprising run that’s made it the best-performing major currency in the developed world this year.
The Thai baht rallied after pro-democracy parties emerged as the biggest winners in Sunday’s election, while stocks linked to some of the nation’s billionaires fell on concern that a new government will introduce more industry competition.
