A widening gap between the official and parallel market exchange rates of the Nigerian naira indicates the government’s lack of capacity to stabilize the currency and the likelihood it may depreciate further, according to Fitch Ratings Inc.
Apple Inc. Chief Executive Officer Tim Cook sold stock worth about $41 million after taxes in his biggest sale in more than two years as the shares of the iPhone maker slide off recent highs.
Demire Deutsche Mittelstand Real Estate AG and its creditors are gearing up for debt refinancing talks as the Apollo-backed landlord faces a looming bond maturity amid an industry downturn.
The Spanish government and the creditors of Celsa Group have agreed conditions for the takeover of the steelmaker, according to people familiar with the matter.
European stocks ended a volatile session with a slight dip as investors tracked the trajectory of bond yields and the prospect of higher-for-longer interest rates.
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