Senior members of South Africa’s ruling African National Congress blamed a range of factors outside their control for an electricity crisis that one major ally said is likely to cost the party victory in next year’s elections.
The Republic of Ghana’s plan to suspend debt repayments is a potential repudiation or moratorium, according to a swaps panel. It’s a significant step toward the possible restructuring being labeled a credit event, which would trigger a payout on credit-default swaps linked to the nation’s bonds.
Bullish bets grew across stocks in Hong Kong as holiday spending and tourism data suggested a recovery is gaining traction in the city and mainland China.
The Bank of Japan should consider boosting flexibility in long-term yields as rising inflation risks call for securing more room for policy maneuvering, according to the International Monetary Fund.
Diageo Plc shares dropped after the maker of Johnnie Walker whisky reported a slowdown in sales in North America, raising concern that a key motor for earnings growth is sputtering.
Morgan Stanley fined some of its own bankers more than $1 million each for conducting business on WhatsApp and other messaging platforms, the latest fallout from an industrywide probe that saw US regulators impose the record penalties for monitoring lapses.
China’s most scenic destinations have been inundated during the Spring Festival holiday, as Beijing’s shift away from Covid Zero spurred a travel frenzy despite the country’s ongoing omicron outbreak.
Bank Indonesia has delivered enough interest-rate increases, according to Governor Perry Warjiyo, who signaled that this round of tightening is coming to an end as the Federal Reserve also winds down.
South Africa’s worst ever power blackouts are threatening platinum and palladium supplies in the top miner, both now and in the years ahead.
World spent $1.1 trillion transitioning to clean power in 2022, same as amount spent producing oil and gas.
