Zimbabwe expects economic growth to ease to 5% in 2026, down from 6.6% in 2025, as the country continues to recover from El Niño-related drought, energy shortages and currency volatility. Key Highlights Zimbabwe’s outlook remains cautiously optimistic as authorities push for tighter fiscal and monetary stability.
India’s second-largest asset manager, ICICI Prudential Asset Management, is set to launch its $1.2B IPO in the second week of December, sources said. The JV between ICICI Bank (51%) and Prudential (49%) is targeting a $12B valuation. Prudential’s subsidiary will sell up to 10% in the offering. The company received regulatory approval this week and...
Major global investors broadly welcomed Chancellor Rachel Reeves’ tax-raising budget, which doubles the UK’s fiscal headroom and exceeded market expectations. But many warn the optimism may fade if growth underperforms, as most of the £26B tax hikes are back-loaded. 🔹 What Investors Are Saying 🔹 Key Concerns 🔹 FX Market Reaction Sterling jumped to its...
Australia’s M&A landscape is shifting.After the $434M takeover of Mayne Pharma collapsed, regulators are signalling tougher expectations for foreign bidders — especially around reverse break fees and regulatory certainty. Treasurer Jim Chalmers blocked the Cosette Pharmaceuticals bid on national-interest grounds, following FIRB’s assessment that the deal posed risks to the supply of critical medicines. Cosette...
Grindr’s majority shareholders Ray Zage and James Lu have scrapped their $3.46B take-private bid, citing financing uncertainty. Shares fell as markets reassessed the company’s growth outlook amid intensifying “swiping fatigue” across the dating app sector. At the same time, UK markets reacted to Finance Minister Rachel Reeves’ budget, which doubles fiscal headroom through £26B in...
Latin America is swinging to the right just as Washington increases support for ideologically aligned governments — a shift investors say is reshaping risk pricing across the region. Right-leaning leaders now govern Argentina, Ecuador, El Salvador, and Bolivia, with Chile’s far-right poised for major gains and conservative candidates favored in upcoming Peru and Colombia elections....