Ghana’s pension funds are close to agreeing to a deal to restructure $2.6 billion worth of government bonds they hold, according to an umbrella body for the industry.
Federal Reserve officials are signaling they plan to keep interest rates steady in June while retaining the option to hike further in coming months, steering market expectations ahead of a key employment report.
Chile’s economic activity remained flat in April, stoking bets that the central bank will start to lower the benchmark interest rate from an over two-decade high as early as July. Swap rates tumbled.
South Africa’s plan to alleviate blackouts by securing 2,000 megawatts of power from plants mounted on ships may include generating electricity by burning heavy fuel oil.
Exxon Mobil Corp. is betting that a better way to frack will double the amount of oil it can pump from shale fields.
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