By Reuters Staff
1 Min Read
WINDHOEK, Feb 11 (Reuters) - Debt-laden, state-owned Air Namibia has been placed under voluntary liquidation, Finance Minister Iipumbu Shiimi said on Thursday.
Shiimi told reporters at a news conference that it was in the best interest of the country to file for liquidation.
The government said it would pay airline employees the value of one year’s salary, over the next 12 months. (Reporting by Nyasha Nyaungwa; Writing by Tanisha Heiberg; Editing by Edmund Blair)
3 Min Read
JOHANNESBURG (Reuters) - Easing bond yields, which have lowered the South Africa’s long term borrowing costs, coupled with improved tax revenues, may see the country avoid issuing a Eurobond this year.
Yields on the country’s 10 and 20 year bonds, have fallen by between 30 and 50 basis points over the last month, and by about ten times that since March.
Much of the country’s COVID-19 borrowing has been at the short-end of the bond curve. Falling long-term yields, and renewed demand for yield by foreign investors, may however tempt the country to lock-in lower rates now.
A handful of emerging market countries, like Egypt in Africa and Mexico in Latin America, have already issued Eurobonds in 2021.
Members of Italy's 5-Star Movement voted on Thursday to back Prime Minister designate Mario Draghi, opening the way for the former European Central Bank chief to take office at the head of a broad government of national unity.
U.S. House of Representatives Speaker Nancy Pelosi said on Thursday that she expects lawmakers to complete legislation based on President Joe Biden's $1.9 trillion COVID-19 relief bill by the end of February.