The International Monetary Fund still hopes to reach a deal with Zambia before elections in August on an economic program that will form the basis of the nation’s planned debt restructuring. The nation’s dollar bonds rose.
GFG Alliance’s steel units in France and Belgium started creditor protection procedures, adding to the list of businesses owned by Sanjeev Gupta seeking court help to see them through the collapse of Greensill Capital, his largest lender.
Even as Russia vowed to retaliate for the latest raft of U.S. sanctions, the Kremlin signaled it was ready to limit the damage and remained open to the White House’s offer of a presidential summit.
Exxon Mobil Corp. is considering selling its stake in Iraq’s West Qurna-1 oil field in a sign that the supermajor is willing to part with one its marquee oil fields in the Middle East to reduce the mountain of debt accumulated last year.
Brevan Howard Asset Management is preparing to start investing in digital assets, becoming the latest money manager looking to exploit the boom in cryptocurrencies.
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