Funding & Business
Shengjing Bank Shares Soar After Higher Privatization Offer
Shares of Chinese regional lender Shengjing Bank Co. surged as much as 23% in Hong Kong trading on Monday, after its state-backed shareholder said it will raise an offer to take the bank private.
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France’s central bank trimmed its economic outlook for the next two years, warning of downside risks from budget uncertainty following another government collapse.
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Nigeria’s naira hit a near seven-month high boosted by stronger oil export earnings and foreign demand for the high yields offered by the local debt market ahead of possible interest rate cut next week.
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The long end of the municipal debt market has recently bounced back from a difficult start to 2025 as investors amp up their expectations for rate cuts from the Federal Reserve.
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