Egypt needs to increase the price of subsidized bread to reflect its true cost to the government, Prime Minister Mostafa Madbouly said. from Bloomberg Markets https://ift.tt/BLsxigp
An investigation into alleged insider trading in a Swedish software company ahead of a takeover offer has enveloped two employees of a private equity firm. from Bloomberg Markets https://ift.tt/g7TarMY
Italian financial services specialist DoValue SpA is close to an accord with a pool of banks for about €450 million ($489 million) in credit facilities, a key step to finalize a combination with Elliott Investment Management’s Gardant SpA servicing unit. from Bloomberg Markets https://ift.tt/rImYPop
Mehmet Simsek’s pitch is simple: “rational” policies are back in Turkey after an era of economic adventurism and crises. And that should make the country’s lira debt a sound bet for the world’s money managers. from Bloomberg Markets https://ift.tt/OsPlBIp
Mozambique’s central bank became the first in Africa to cut rates for a third straight time this year, heeding a call from the International Monetary Fund to further ease monetary policy. from Bloomberg Markets https://ift.tt/bhPMc3X
The full impact of the European Central Bank’s unprecedented monetary-tightening campaign is yet to be felt — even as officials gear up to lower borrowing costs in June, Chief Economist Philip Lane said. from Bloomberg Markets https://ift.tt/YWmaCSz
From cocoa to zinc, the breadth of the commodities rally is the biggest in two years. Beef and pork are showing promising signs of improving demand as barbecue season officially kicks off in the US with Monday’s Memorial Day holiday. Meanwhile, OPEC+’s policy meeting to review oil output curbs is set for June 2, around…
The Bank of Ghana left the benchmark interest rate unchanged to support its bruised currency and contain inflation. from Bloomberg Markets https://ift.tt/NCR8noz
The financial hub of Shanghai lowered downpayment ratios and the minimum mortgage threshold, as bigger Chinese cities follow through on the central government’s aid for the property sector. from Bloomberg Markets https://ift.tt/14dyn2e
Struggling landlord SBB struck a second financing deal with investment firm Castlelake LP as it seeks to stave off a funding crunch that underscores the still precarious state of Sweden’s commercial real estate industry. from Bloomberg Markets https://ift.tt/G3zuOl8