Petronas Raises $1.4 Billion Cutting Listed Unit Stakes
Petroliam Nasional Bhd. has raised about 6 billion ringgit ($1.4 billion) by cutting its stakes in three listed units, people with knowledge of the matter said.
U.K. retailers’ stocks are unlikely to sustain a bounce following this week’s parliamentary election, according to Morgan Stanley analysts.
South African Airways, the national airline that’s entered a form of bankruptcy protection, may only be offered 5% of the $60 million that its owed by neighboring Zimbabwe in funds from ticket sales and hasn’t been able to extract from the country.
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The pound strengthened Monday to a fresh two-and-a-half year high against the euro, as weekend opinion polls continued to point to a win for the ruling Conservatives in this week’s general election.