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Kenya's Ruto to ask China for $1bn loan, debt restructure
Kenya's Ruto to ask China for $1bn loan, debt restructure
by  AFP

Kenyan President William Ruto will ask China for a $1-billion loan and a restructured debt payment plan, his deputy said Friday, despite having criticised his predecessor's heavy borrowing from Beijing. Deputy President Rigathi Gachagua said Ruto would travel to China and ask for "more time to repay the debt slowly" and $1 billion to complete road projects delayed by financing shortfalls.

Pioneer shares rocket higher on ExxonMobil takeover reports
Pioneer shares rocket higher on ExxonMobil takeover reports
by  AFP

Shares of Pioneer Natural Resources surged more than 10 percent Friday following reports the shale producer is nearing a megadeal to be acquired by ExxonMobil. Near 1540 GMT, Pioneer shares jumped 10.2 percent, while ExxonMobil was down 2.4 percent. jmb/md

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