The European Central Bank won’t need to return to ultra-low interest rates as inflation will settle in a new regime close to its 2% medium-term target, according to Governing Council member Francois Villeroy de Galhau.
Iraq hopes to resume pumping oil through Turkey on Tuesday afternoon after safety checks following two devastating earthquakes revealed no damage.
Adani Enterprises Ltd. surged, leading gains as most of the Indian conglomerate’s stocks rose after its founders pre-paid some debt and traders covered short positions.
Saudi Arabia is considering borrowing more in currencies besides the dollar this year as it focuses on refinancing to reduce the portion of its outstanding floating-rate debt.
SoftBank Group Corp. may consider launching a third Vision Fund after exhausting its available capital, according to an executive.
Ghana is preparing a new offer to entice local pension funds into its debt restructuring program, weeks after exempting them from participating in the plan, according to people with knowledge of the matter.
India is looking to sign many more long-term deals to buy liquefied natural gas to help power its economic growth.
Eskom Holdings SOC Ltd. needs debt relief in combination with tariff increases to survive, said outgoing Chief Executive Officer Andre de Ruyter, who has led the utility for three years as South Africa’s power outages have intensified.
BP Plc said it will cut oil and gas output more slowly this decade after the supply disruption caused by Russia’s invasion of Ukraine boosted prices and delivered record profits.
India’s opposition parties said parliament has been repeatedly adjourned as Prime Minister Narendra Modi’s government is “afraid” to discuss their demand for a probe into billionaire Gautam Adani’s fight with a US short seller.
