-- Markets in three of the largest emerging economies got a boost after Turkey’s sovereign rating was upgraded, and as the outlooks for both Egypt and Nigeria were lifted.Xi Begins Europe Tour in Paris as Macron Seeks to Reset Ties
Nigeria’s credit rating outlook was also lifted by Fitch to positive, as reform progress since President Bola Tinubu’s assumption of power last year has been faster than anticipated.Elsewhere in emerging markets, the forint has received some support since late April when S&P kept its credit rating and outlook steady for Hungary despite pressures on the budget.
The shekel slid about 1% against the dollar, the most since mid-April, after Israel’s military told civilians to move out of parts of Rafah, a possible prelude to a long-expected attack on the Gazan city.Will GM Regret Kicking Apple CarPlay off the Dashboard?Warren Buffett, the 93-year-old billionaire chief of Berkshire Hathaway, mulled his future in telling shareholders on Saturday that if he were lucky, he would have another six or seven years but added that "it could end tomorrow.
The top Massachusetts court on Monday is set to consider whether the state's voters will get to decide two ballot proposals in November that would redefine the relationship between app-based companies like Uber Technologies and Lyft and their drivers - one backed by industry and the other by labor.