Turkish companies will no
longer be required to count foreign-currency losses when
assessing whether to file for bankruptcy, according to a legal
change introduced at the weekend, a move that could deepen
concern about private sector debt.
Spain's Cepsa will sell a stake
of about 25 percent in an initial public offering that sources
close to the matter expect to value the company at around 10
billion euros ($11.6 billion), making it one of the largest oil
company listings in a decade.
Prime Minister Theresa May
cautioned rebels in her party that unless they support her
potential Brexit deal with the EU then they will face a
potentially disorderly "no-deal" exit that the IMF said would
make the United Kingdom significantly poorer.