Argentina and the International Monetary Fund are going back to the drawing board on the country’s $44 billion program as a record drought is expected to push the country into recession, an Economy Ministry official said.
It was poised to be a massive win for the $1.4 trillion private credit market: a $5.5 billion financing that a group of direct lenders appeared to have wrestled away from some of the world’s biggest banks.
Bond investors will pay a lot more attention than usual to the latest US quarterly bank results as they assess the potential hit to economic growth from any slide in lending.
Senator Tim Scott of South Carolina has a nest egg that would allow him to seek the Republican nomination.
More violence in Ecuador’s biggest and most crowded prison left at least 12 people dead and three injured, the country’s Prosecutor’s Office said Saturday.
The Australian government is optimistic that punitive trade sanctions imposed by the Chinese government on Australia’s exports could be lifted by the end of this year, after Beijing announced a review of barley tariffs it imposed during a low-point in relations between the two countries.
People’s Bank of China Governor Yi Gang said that Beijing has largely ended regular foreign-exchange intervention, and pursues a policy aimed at enhancing the ease of use of the yuan for Chinese households.
A top Republican donor said he won’t back a US presidential bid by Florida Governor Ron DeSantis because of his stance on social issues, the Financial Times reported.
Sudan’s army is battling a rival paramilitary group at key sites across the capital and beyond, with reports of casualties in the worst violence to strike Khartoum in its modern history.
Russia said Saturday that mercenaries in the Wagner group captured two districts of the eastern Ukrainian city of Bakhmut, where battles have raged for months. The death toll from Friday’s Russian missile attack on residential buildings in Slovyansk in eastern Ukraine rose to 11, including at least one toddler found under the rubble.
