The next International Monetary Fund (IMF) payout to Zambia from a total loan of $1.3 billion is contingent upon its bilateral creditors reaching an agreement on a long-delayed debt restructuring, the Fund said in a statement on Thursday.
Giants of the orange juice trade in Brazil have become defendants in a class-action lawsuit seeking billions in damages over an alleged price-fixing scheme that ran between 1999 and 2006, a prosecutor told Reuters.
UBS Group AG will on Wednesday seek to reassure shareholders that its unexpected takeover of rival Credit Suisse Group AG in the biggest bank rescue since the last global financial crash can work.
European banks are increasingly turning to bespoke deals with investors such as hedge funds to offload some of the risk on multi-billion euro loan portfolios and improve their financial strength, several sources involved told Reuters.