BLOOMBERG Zambia’s currency and dollar bonds traded near multi-month highs, having chalked up double-digit gains so far this month on expectation that the nation was about to clinch a debt restructuring deal with official creditors, possibly as soon as Thursday. The kwacha has strengthened 11.4% this month, the biggest gain among about 150 currencies tracked by Bloomberg, rising to approach ...

BLOOMBERG Stocks slumped with US equity futures as policy tightening fears from the US to Norway to the UK hobbled the market’s bull run. All industry subsectors fell into the red in Europe, where the region’s main equity gauge fell 1%, extending declines to a fourth day. Contracts for the S&P 500 and Nasdaq 100 pointed lower following a selloff ...

DUBAI / WAM In his capacity as the Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, issued Decree No (27) of 2023 on the promotion and retirement of local military personnel in Dubai. The Decree seeks to ensure transparency, fairness and merit-based promotions in the military. His Highness also ...