Dubai / Gulf Time HSA Group, Yemen’s largest private company, has announced a $1.2 million donation to support the United Nations’ (UN) efforts to avert a major humanitarian, economic, and ecological disaster in the Red Sea. The donation is the first committed by a private sector organisation. The FSO SAFER oil tanker is one of the world’s largest shipping …

Bloomberg Shell Plc, ExxonMobil Corp., Chevron Corp. and Equinor ASA plan to withdraw multibillion-dollar lawsuits against Nigeria’s state energy company after finalizing new terms for deep-water oil production in Africa’s largest crude producer. In letters to two New York federal judges, the oil majors said they had agreed to settle with the Nigerian National Petroleum Co. and will terminate ongoing …

  Bloomberg Bank Indonesia is undertaking its own version of Operation Twist, selling short-term notes and buying up longer ones, which it says will shore up the rupiah by bringing in foreign inflows. Indonesia’s central bank will sell off shorter-tenor government bonds to boost their yield differential over US rates and attract foreign inflows that would help underpin the currency, …