Zambia Debt Deal Spurs Rally in Distressed Emerging Markets
Bonds of developing nations in debt distress gained on Friday in a broad relief rally sparked by Zambia’s
2023-06-23 20:52
Dollars Are So Scarce in Argentina That Yuan Use Is at a Record
It’s gotten so hard to find US dollars in Argentina that Whirlpool Corp., the American appliance giant, is
2023-06-23 19:15
Egypt’s Devaluation Timeline Sets Back Clock for More Rate Hikes
Egypt looked past a pick-up in inflation to keep interest rates unchanged for a second month, with the
2023-06-23 16:24
Zambia Wins Debt Relief, Sets Precedent for Stressed Nations
Zambia reached an agreement in principle to restructure $6.3 billion of debt with bilateral lenders, setting a precedent
2023-06-23 14:59
IMF Touts $100 Billion for Poorest; Zambia Deal: Paris Update
The International Monetary Fund confirmed rich countries have channeled $100 billion to finance lending for the world’s poorest
2023-06-23 00:16
Zambian Currency and Eurobonds Rally on Bets of Debt Revamp Deal
Zambia’s currency and dollar bonds traded near multi-month highs, having chalked up double-digit gains so far this month
2023-06-22 17:47
A Simple Tool to Unlock Trillions of Dollars in Clean-Energy Investments
Solar and wind power are the cheapest sources of energy in most of the world. And, yet, there
2023-06-22 00:57
Ghana Economy Expands 4.2% in First Quarter, Beats Estimates
Ghana’s economy grew faster than anticipated in the first quarter, driven by the services and agricultural sectors. Gross
2023-06-21 19:57
China Begins Nationwide Push to Reveal Hidden Government Debt
China has begun a fresh round of nationwide inspections to work out how much money local governments’ owe,
2023-06-21 19:22
Zambia Finance Chief Aims for Debt-Restructuring Deal This Month
Zambia’s finance minister is aiming to reach a debt-restructuring deal with the country’s creditors this month, an agreement
2023-06-21 03:28
Naira Falls Below Parallel Rate as Nigeria Readies New FX Rules
The naira closed weaker than the unauthorized market on Monday for the first time since the central bank
2023-06-20 18:56
Egypt Hikes Private-Sector Wages Again After Pound Devaluations
Egypt hiked the minimum wage for private-sector workers for the second time in six months, as a series
2023-06-20 17:25