Funding & Business
Citi Sees Botswana Devaluing Currency Again as Diamond Prices Slump
Citigroup Inc. says Botswana is likely to devalue its currency again, as the southern African nation battles a downturn in revenues linked to the sharp collapse in global diamond prices, its main revenue source.
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Brazil is tapping international debt investors for a third time this year — its busiest for sovereign bond sales in more than a decade — as borrowers return to global credit markets.
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Prominent economists are rallying behind Federal Reserve Governor Lisa Cook after President Donald Trump moved to fire her based on allegations that she committed mortgage fraud.
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Russia’s Gazprom PJSC said it signed a legally binding agreement to build the long-anticipated Power of Siberia 2 gas pipeline to China via Mongolia. Beijing has yet to confirm the detail of Miller’s pronouncement as Chinese leader Xi Jinping and Russian President Vladimir Putin met in Beijing on Tuesday. Minmin Low reports on Bloomberg Television. (Source: Bloomberg)
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