Investors including Allan
Gray, Investec Asset Management and Old Mutual are backing
litigation against South African retailer Steinhoff
in the Netherlands, a statement issued by a legal firm
on behalf of the investors said.
Egypt has received the third and
last $500 million tranche of a $1.5 billion African Development
Bank loan which will support the government's development
programmes, the investment ministry said on Friday.
Global mergers and
acquisitions dropped to $783 billion in the third quarter, down
35 percent from the prior quarter, as the escalating trade
dispute between the United States and China cast a shadow on the
financial and regulatory prospects of some deals.