The Africa Finance Corp and the African Development Bank commit $500 million each to a new railway project connecting Zambia’s copper mines to global markets. The investment aims to improve export infrastructure for the region's mining sector.

Mars FX US LP hedge fund files for bankruptcy as $600 million in assets go missing. The fund, managed by David Choi, previously reported average annual gains of 19% with no monthly losses.

David Choi's hedge fund, Mars FX US LP, has filed for bankruptcy with approximately $600 million in assets reported missing.

Merck & Co Inc launches a cash tender offer for Terns at $53.00 per share.

Merck & Co Inc has initiated a cash tender offer to acquire Terns at a price of $53.00 per share.

Economists revise US inflation outlook, projecting only one Federal Reserve interest-rate cut this year as energy costs rise due to the Iran war.

Economists have increased their US inflation forecasts and now project only one Federal Reserve interest-rate cut in 2026, citing higher energy costs resulting from the Iran war.

The Central Bank of Russia lowers its key interest rate to 14.5%. The regulator also revised its 2026 oil price forecast for tax purposes to $65 per barrel and adjusted interest rate projections for 2027.

The Central Bank of Russia has lowered its key interest rate to 14.5% per annum. The bank also adjusted its 2026 and 2027 interest rate forecasts and raised its oil price projection for tax purposes in 2026 to $65 per barrel.