Bloomberg Business

China Distances Itself From Envoy Remarks on Ex-Soviet States

China sought to distance itself from remarks by its envoy to France questioning the independence of ex-Soviet states that sparked a firestorm in Europe and undercut French efforts to enlist Beijing’s help in pushing for peace in Ukraine.

Egypt Bonds Slump After S&P Cuts Outlook on Grim Forecasts

Egyptian bonds slumped after S&P Global Ratings took a far more downbeat view of the nation’s finances than the International Monetary Fund, forecasting further currency depreciation and lowering its outlook to negative.

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