Former Singapore Oil Mogul to Pay Liquidators, HSBC $3.6 Billion

Singapore’s High Court approved former oil tycoon Lim Oon Kuin’s agreements to pay $3.59 billion to the liquidators of his company and creditor HSBC Holdings Plc, ending the multiyear civil cases against him and his family.

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Zambia Agrees to $1.5 Billion Debt Revamp with Chinese Lenders

Zambia has reached a deal with two Chinese state-owned lenders to restructure $1.5 billion in debt, according to Finance

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Dangote Seeks to Emulate Ambani by Redeploying Refinery Profits

Aliko Dangote said he plans to emulate fellow billionaire Mukesh Ambani and invest the profits from Africa’s biggest refinery into yet another sector after defying warnings and completing the mega fuel plant.

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Pound Is Starting to Look Vulnerable After Hitting Two-Year High

The pound’s peer-beating rally got a fresh spur this week, but strategists from J.P. Morgan Private Bank, State Street Global Markets and Jefferies say those gains are looking increasingly fragile.

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Microsoft Announces $60 Billion Buyback, Raises Dividend 10%

Microsoft Corp. unveiled a new $60 billion stock-buyback program, matching its largest-ever repurchase authorization, and raised its quarterly dividend 10%.

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Arabica Coffee Soars to Most Since 2011 as Supply Woes Escalate

A cup of coffee is set to get even pricier as persistent supply disruptions push costs for premium arabica beans to the highest in 13 years.

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Pharrell Williams Joins With K-Pop Star in Online Auction

Pharrell Williams, an American singer and fashion director, joined forces with one of the biggest K-pop stars to auction dozens of personal items of the South Korean celebrity, raising around $1.1 million on Williams’ online marketplace.

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Stocks Fall Ahead of Jobs as Slowdown Fears Mount: Markets Wrap

US stock futures fell as traders braced for jobs data that will be critical in determining the health of the US economy and the size of a Federal Reserve interest rate cut later this month.

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Israel Economy Hit as War-Focused Netanyahu Stalls on Budget

With domestic and international attention focused on Israel’s war in Gaza and escalating tensions with Hezbollah, Prime Minister Benjamin Netanyahu’s administration has stalled discussions on next year’s budget — set to be the most challenging and crucial in decades.

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Tech Stocks Swoon as Fed Bets Lift Smaller Firms: Markets Wrap

Stock traders gearing up for Federal Reserve rate cuts sent tech megacaps sinking, with Wall Street also awaiting Nvidia Corp.’s results this week.

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