Funding & Business
Guzman y Gomez Shares Plunge as Sales Growth Slows in Australia
Shares of Guzman y Gomez Ltd. tumbled by the most since its Sydney listing last year after the Mexican-themed fast-food chain flagged a sales slowdown in its Australian restaurants.
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The SEC is moving closer to giving its approval multi-share class structure. This would allow mutual funds to launch an ETF as a shared class of an existing product. Bloomberg’s James Seyffart has more on the story. (Source: Bloomberg)
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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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