Bloomberg Zimbabwe’s central bank plans to stop providing the foreign currency needed for fuel imports, handing the responsibility to private companies, reports said. The plan, which will end an effective subsidy, will take place as early as June 23 when a currency peg is removed and an auction system for foreign exchange is set to begin, the people said, asking ...

Bloomberg Two Philippine lenders said they didn’t hold cash on behalf of Wirecard AG, the German payments processor whose shares have tumbled after it said it was unable to locate more than $2 billion in funds. A document purporting to show a link between Wirecard and the Bank of the Philippine Islands was “bogus” and may be part of an ...

Bloomberg Indonesia’s bonds have been the star performers in Asia this quarter, and the second half of the year may bring further joy to investors. Factors likely to support the debt of Southeast Asia’s largest economy include a pro-active central bank, and the apparent underweight positioning of global funds following the coronavirus sell-off. These should outweigh concerns about rising debt ...