“We’ve got one creditor that seems to be — one international creditor — that seems to be taking a bit more time to make a decision,” Ford, who is visiting Zambia, said in comments broadcast on Hot FM radio Thursday in the capital, Lusaka. “I discussed that with the foreign minister as well last night, and I know that he has been working incredibly hard to try and speed up that process.”
Zambia’s $1 billion in Eurobonds due April 2024 have fallen 6% this year to trade at 74 cents on the dollar by 3:43 p.m. in London. “I am afraid I can not release that because there are diplomatic issues that we are following,” he said in Lusaka. “Mentioning the name obviously does not help.”
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Business Maverick: Dorsey’s First Tweet Offered for $48 Million on NFT MarketplaceA copy of the first-ever tweet – by Twitter co-founder Jack Dorsey – has been offered for almost $48 million on nonfungible token marketplace OpenSea, 16 times what the owner paid for it a year ago.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Chinese Pharma Firm Kintor Surges 229% After Saying Its Drug Reduces Covid DeathsChinese drug maker Kintor Pharmaceutical Ltd. soared in Hong Kong after saying its pill was highly effective in reducing the risk of hospitalization or deaths related to Covid-19, raising the prospect of a first homegrown antiviral treatment. And big pharma get richer and richer... Funny. Just after a resent spike in cases? Mmm.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: US, EU to Hit Russian Investments With New Round of SanctionsThe US, European Union and G7 are coordinating on a fresh round of sanctions on Russia, including a US ban on investment in the country and an EU ban on coal imports, after the discovery of civilian murders and other atrocities in Ukrainian towns abandoned by retreating Russian forces.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Oil Pares Declines as EU Avoids Sanctions on Russian CrudeOil erased early losses after the European Union eschewed sanctions on Russian oil, and investors weighed the outlook for the dollar.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Women Make Up Just 15% of Top-Paid Staff in City of London BanksLondon’s investment banks are struggling to shrink the gender pay gap, with women making up less than a fifth of top earners.
Source: dailymaverick - 🏆 3. / 84 Read more »