Karin Strohecker News Today

Ghana and its bondholders will restart talks next week to hash out a debt restructuring deal on $13 billion of international bonds, four sources told Reuters, on the heels of a deal finalised with official creditors earlier this week. Ghana, a gold and cocoa producer, defaulted on most of its $30 billion in external debt in 2022, weighed by the COVID-19 pandemic, the war in Ukraine and rapid global interest rate hikes that boosted borrowing costs. It had kicked off formal talks with two groups...

By Marc Jones LONDON (Reuters) - A clobbering for South Africa's, Mexico's and even India's heavyweight markets in recent days has proved without doubt that politics can still deliver an unexpected uppercut in big emerging economies. Mexico's peso ...

Mexican peso, stocks tumble on fears of ruling coalition super-majority in Congress

Saudi Arabia and its bankers will on Sunday morning start taking orders for as much as $13.1 billion worth of shares in its energy giant Aramco, in a major test of international investor interest in...

Nigeria will launch a diaspora bond in the third quarter, the countrys Finance Minister Olawale Edun told Reuters, and said the government was still committed to abolishing fuel subsidies. ... -May 31, 2024 at 07:00 am EDT - MarketScreener

The African National Congress (ANC) may lose its parliamentary majority in South Africa for the first time in 30 years, signaling significant political shifts. The ANC's vote share currently stands at 42.5%, necessitating coalition formation, which could lead to political volatility. Final results may confirm this new political landscape.

LONDON -Zambias ministry of finance said on Tuesday that more than 90% of holders of its $3 billion in outstanding international bonds had accepted its restructuring... -May 28, 2024 at 03:20 am EDT - MarketScreener

Inflation data from the U.S., the euro zone and Japan in the days ahead will guide investors expectations over the scale and pace of interest rate changes to come in major economies. ... -May 27, 2024 at 02:45 am EDT - MarketScreener

Inflation data from the U.S., the euro zone and Japan in the days ahead will guide investors expectations over the scale and pace of interest rate changes to come in major economies. ... -May 24, 2024 at 03:37 am EDT - MarketScreener

Big-money investors are beginning to place more cash in emerging markets as they chase returns in what could be a structural shift in the way they allocate their money, a veteran Bank of America... -May 23, 2024 at 07:54 am EDT - MarketScreener