AI Bias Analysis
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Malaysian palm oil exports could tumble for a third straight month in June if buyers favor cheaper Indonesian supplies as Jakarta’s overhaul of commodity shipments sparks a push to move cargoes before the new rules fully take hold.
Source
Bloomberg Markets
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Shares of SoftBank fell 11% following an overnight sell-off in the U.S. market on the back of wider profit taking in the tech sector.
Nigeria plans to refinance high-cost debt and raise funds to to help plug its budget deficit, leveraging strong investor confidence amid elevated oil prices fueled by the US-Iran conflict. Finance Minister Taiwo Oyedele spoke to Bloomberg's Jennifer Zabasajja in London. (Source: Bloomberg)
Switzerland’s inflation rate came in lower in than economists expected last month, a sign the strength of the franc may be offsetting the impact of high energy costs.
The Africa Finance Corp. raised $2 billion via a syndicated loan, with more than half provided by Asian and European banks seeking to capitalize on growing demand for infrastructure projects across the continent.
