Kerim Karakaya

Norway’s $2.3 trillion sovereign wealth fund held on to shares in three Turkish companies this year even after regulators found in 2025 that the stocks had been manipulated.

Senegal’s year-end target to finalize a deal with the International Monetary Fund and reach a debt-relief agreement with bondholders is already facing delays, according to people familiar with the situation.

Turkey is allowing the lira to slide more quickly in order to prevent sharper weakness in the longer term, central bank Governor Fatih Karahan told investors at meetings in Bangkok, according to people with direct knowledge of the matter.

Kenya’s central bank Governor Kamau Thugge said the timing of a new International Monetary Fund program is hard to predict as the two sides hash out the details.

Angola is considering selling bonds in China or tapping Islamic debt markets in the Middle East as the oil-producing nation seeks to diversify its sources of financing, according to a senior finance official.

Beleaguered Turkish white-goods maker Vestel Elektronik is asking holders of its 2029 bonds to back a restructuring under which they can choose to take a 45% haircut or extend the debt by six years.

Long before Tera imploded, suspicious trading had begun to alarm executives, investors and regulators

Long before Tera imploded, suspicious trading had begun to alarm executives, investors and regulators

Turkish electronics and appliance maker Vestel Elektronik expects the pressures that forced it into one of the country’s largest corporate Eurobond restructurings to persist, pushing it to rethink its business.

Zorlu Enerji, the power producer and distributor owned by one of Turkey’s largest conglomerates, will miss a coupon payment due this week on its $1.1 billion bond, according to people familiar with the matter.