Bloomberg PPC Ltd., South Africa’s largest publicly traded cement maker, said it received 4 billion rand (US$263 million) of bank guarantees to underwrite the sale of shares to existing investors, adding to facilities it received last week to redeem bonds. A group of lenders including Standard Bank Group Ltd, Nedbank Group Ltd, FirstRand Ltd’s Rand Merchant Bank and Barclays ...

  Bloomberg China weakened its currency fixing by the most since last August as global market turmoil spurred by Britain’s vote to leave the European Union sent the dollar surging. The People’s Bank of China set the reference rate 0.9 percent weaker at 6.6375 a dollar. A gauge of the greenback’s strength jumped 2.4 percent in the past two days, ...

  Bloomberg India’s economy will be among the least impacted in Asia by the UK’s vote to exit the European Union given its relatively low exposure to trade, according to Morgan Stanley. “Increased uncertainty in the external environment due to UK’s vote should add to downward pressures on growth and inflation in the region,” Morgan Stanley economists including Chetan Ahya ...