Saudi Arabia is looking to raise money through the sale of dollar-denominated sukuk as it seeks to plug a hole in its finances and fund spending on Crown Prince Mohammed bin Salman’s economic diversification drive. from Bloomberg Markets https://ift.tt/qat7goV
India may cut its borrowings this year as the ongoing national elections narrow the government’s spending window by about three months, according to Mirae Asset Investment Managers India Pvt. from Bloomberg Markets https://ift.tt/Re5PAuJ
Zambia expects to conclude its third program review with the International Monetary Fund next month, as the copper-rich nation finalizes $500 million of international assistance to deal with the effects of a record drought. from Bloomberg Markets https://ift.tt/anlZokQ
Australia and the European Union have struck an agreement to boost cooperation and investment in critical minerals, part of a drive by Western nations to loosen China’s grip on supply chains of materials essential to high-tech and green manufacturing. from Bloomberg Markets https://ift.tt/UcCowHu
Federal Reserve Bank of Minneapolis President Neel Kashkari said policymakers should take their time in monitoring whether inflation is slowing enough to warrant interest-rate cuts. from Bloomberg Markets https://ift.tt/6Cdz0LX
German real estate firm Adler Group SA posted a €81 million ($88 million) loss in the first quarter as it struggled with high interest and advisory costs linked to its second major debt overhaul. from Bloomberg Markets https://ift.tt/cWe4kgY
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
China’s quantitative hedge funds saw their assets drop last quarter for the first time since late 2022, after the nation’s stock-market meltdown hit performance and eroded investor confidence in their algorithm-driven trading strategies. from Bloomberg Markets https://ift.tt/OqByS41
Aramco could see minimum passive inflows of $1 billion from both MSCI and FTSE EM trackers if Saudi Arabia proceeds with a reported $10 billion secondary share sale, according to EFG Hermes. Bloomberg News’ Farah Elbahrawy discusses with Joumanna Bercetche on Horizons Middle East & Africa. (Source: Bloomberg) from Bloomberg Markets https://ift.tt/Uc86a5z
Adani Enterprises Ltd., the flagship of billionaire Gautam Adani’s empire, has secured board nod to raise as much as 166 billion rupees ($2 billion), a day after the group’s power utility unit got similar approval for $1.5 billion. from Bloomberg Markets https://ift.tt/9K5yRIr