Citi’s $7 Billion Banamex Sale Scuttled as AMLO Intervenes
Citigroup Inc. spent 16 months preparing its Banamex unit for a sale that ultimately fizzled after meddling by
2023-05-25 19:49
Eskom Latest: South Africa Exempts Shared-Energy Projects
South Africa granted energy users and suppliers a block exemption to foster collaboration between companies and institutions to
2023-05-25 19:19
UK Migration Soars to Record Despite Sunak’s Vow to Cut Arrivals
The UK said a record number of migrants arrived last year, a trend that lays bare the divides
2023-05-25 18:45
Sunak Finds UK Inflation May Follow Him Into Election Year
If Prime Minister Rishi Sunak thought inflation would drop away quickly this year, delivering an easy victory in
2023-05-25 17:18
Indonesia Vows to Support Rupiah, Economy After Holding Rate
Indonesia’s central bank kept its benchmark interest rate unchanged for a fourth straight meeting, while saying it will
2023-05-25 16:52
Germany Endures First Recession Since Covid on Consumer Weakness
Germany suffered its first recession since the start of pandemic, extinguishing hopes that Europe’s top economy could escape
2023-05-25 15:48
Solar Power Investment Set to Surpass Oil Production Spending This Year
Investors will pour more money into solar power than in oil production this year for the first time,
2023-05-25 15:22
Marcos Seeks Speedy Approval of Philippine Wealth Fund Bill
Philippine President Ferdinand Marcos Jr. is pushing for the immediate enactment of a bill in the Senate that
2023-05-25 14:46
RBI May Need to Buy $18 Billion of Bonds to Add Cash, ICICI Says
India’s central bank may buy as much as 1.5 trillion rupees ($18 billion) of government bonds to replenish
2023-05-25 13:59
Cargo Ship Runs Aground in Suez Canal, Disrupting Trade Route
Work is underway to free a bulk carrier that’s run aground in the Suez Canal, causing fresh disruption
2023-05-25 12:48
US Credit Rating at Risk of Fitch Cut on Debt-Limit Impasse
The tension around the US debt-limit negotiations ratcheted up after Fitch Ratings warned the nation’s AAA rating was
2023-05-25 11:48
McCarthy Signals Debt Deal Optimism as US Put on Credit Watch
House Speaker Kevin McCarthy’s optimism that White House and GOP negotiators would reach a deal in time to
2023-05-25 11:23