Zimbabwe’s ZiG Wipes Out 330% Stocks Rally
Zimbabwe’s new currency has wiped out a gain of more than 330% on the stock market this year, leaving investors dealing with the fallout.
Zimbabwe’s new currency has wiped out a gain of more than 330% on the stock market this year, leaving investors dealing with the fallout.
Sasol Ltd. shares fell the most in more than a year after the synthetic fuel and chemical maker reported issues throughout its South African operations.
Poland’s largest business, the oil company Orlen SA, set out a more detailed account of how it says its Swiss-based trading unit managed to lose almost $400 million purchasing oil that never materialized.
Brace for more declines in stock markets, warns Goldman Sachs Group Inc.’s tactical specialist Scott Rubner.
Fidelidade-Companhia de Seguros SA, a Portuguese insurer controlled by China’s Fosun International Ltd., said it’s planning to carry out an initial public offering in 2025.
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