African nations will spend $75 billion on debt interest payments this year, money they desperately need for pressing issues such as social spending and public investments, according to the African Development Bank. from Bloomberg Markets https://ift.tt/LTmald9

Japan spent a record ¥9.8 trillion ($62.2 billion) in the past month to prop up the yen, surpassing the amount it used in 2022 to defend the currency after it fell to a 34-year low against the dollar. from Bloomberg Markets https://ift.tt/ar8CbS9

Economist Stephen Roach criticized US trade policies against China as a “blunder” that risks creating an endless economic conflict between the two nations. from Bloomberg Markets https://ift.tt/z6tHcwJ

Singapore designated nine companies, including ST Logistics Pte. and Shell Plc’s local unit, as critical to the economy, a classification that will heighten government oversight on any takeover moves involving these firms. from Bloomberg Markets https://ift.tt/MJ384OC

China’s market regulator vowed to press ahead with a probe into “intermediary agencies” involved in an alleged fraud by China Evergrande Group. from Bloomberg Markets https://ift.tt/gWtFBca

Jacques Veyrat received the renewable energy business now known as Neoen SA as part of an exit package after losing a power struggle with the widow of his former boss. Now he’s on the verge of pocketing €2.6 billion ($2.8 billion) from its sale. from Bloomberg Markets https://ift.tt/1i8GtfY

Goldman Sachs Group Inc. sees growing potential for the global market for weight-loss drugs by the end of the decade. from Bloomberg Markets https://ift.tt/Tg9aJfu

Global bond investors are coming to terms with the likelihood that interest rates are going to stay high for the foreseeable future. from Bloomberg Markets https://ift.tt/8YgRyq6

Euro-area inflation accelerated more than anticipated — further clouding the outlook for European Central Bank interest rates after next week’s planned cut. from Bloomberg Markets https://ift.tt/yOPixvB

An excerpt from Nathaniel Popper’s forthcoming The Trolls of Wall Street. from Bloomberg Markets https://ift.tt/cSqrZ6j