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Hogganfield Care operates a 44-bed nursing home, Hogganfield Care Centre, in Millerston, Glasgow, while Skye Care Limited manages Skye View Care Centre, a 24-bed facility specialising in dementia care in Airdrie, Scottish Housing News reported. Insolvency practitioners Mark Harper and Steven John Parker, partners at Opus Restructuring and Insolvency, were appointed joint provisional on June 5.

Fallen crypto impresario Do Kwon has funneled tens of millions of dollars out of an entity linked to his failed blockchain project since he was arrested in late March, South Korean prosecutors alleged, Bloomberg News reported. The $29 million worth of digital tokens were likely moved by Kwon personally or at his direction, Dan Sunghan, director of the financial crime investigation bureau at the Seoul Southern District Prosecution Service, said in an interview with Bloomberg News.

Swiss National Bank Chairman Thomas Jordan repeated his commitment to fight "stubborn" inflation on Thursday in his final public appearance before the central bank announces its next interest rate decision, Reuters reported. Swiss annual inflation dipped to 2.2% in May, government data showed on Monday, but has remained above the 0-2% range targeted by the SNB since February 2022. "It is really important to get inflation down to the level of price stability," Jordan told the Swiss Economic Forum, which took place in Interlaken. "Inflation remains very stubborn," he said.

Mexico's annual inflation rate slowed in May for a fourth consecutive month to 5.84%, data from statistics agency INEGI showed on Thursday, beating forecasts and continuing a downward trend spurred by a long cycle of rate hikes, Reuters reported. Headline inflation came in below a forecast of 5.90% and is now at its lowest since August 2021. Consumer prices fell 0.22% in May from April, according to non-seasonally adjusted figures, against an expected drop of 0.16%. Nonetheless analysts say future drops in inflation may now be trickier, prompting a delay in rate cuts.

The main hurdle for the completion of the International Monetary Fund's first review of Zambia's $1.3 billion program is an agreement with its official creditor committee, the IMF said on Thursday, Reuters reported. Julie Kozack, spokesperson for the IMF, said discussions between Zambia and its official creditors were happening "as we speak" and the fund was encouraged by those, while "we hope an agreement will be reached very soon on a debt treatment." Read more.

Warning of increased risk associated with fragility and record sovereign debt levels, a group of top Latin American economists on Wednesday urged the International Monetary Fund to adopt immediate, central-bank-like reforms to brace for the next emerging market crisis, Reuters reported. The Latin American Committee on Macroeconomic and Financial Issues (CLAAF), which includes top economists and former finance ministers, called on the IMF to create a $300 billion Emerging Markets Fund that could make temporary purchases of sovereign debt of selected countries with strong fundamentals.

Investment bankers are counting on massive auctions of energy transmission lines for a pickup in Brazil’s share sales, Bloomberg News reported. Projects demanding as much as 70 billion reais ($14 billion) in investments are expected to be auctioned through the end of 2024 and lure several publicly traded Brazilian firms. These companies, in turn, will likely need to fund their growth through local-debt issuances and share offerings, according to Felipe Thut, the head of Banco Bradesco SA’s investment-banking arm. “The utilities sector is this year’s hottest,” Thut said in an interview.

Chile’s annual inflation slowed more than forecast in May on falling transportation costs, stoking bets that the central bank will lower its interest rate from an over two-decade high as soon as next month, Bloomberg News reported. Consumer prices increased 8.7% from a year prior, less than the 8.9% median forecast of analysts in a Bloomberg survey. Monthly inflation stood at 0.1%, the national statistics institute reported on Thursday. A closely-watched price gauge that excludes volatile items rose 9.9% in 12 months and 0.5% from April. Chile’s central bank targets inflation of 3%.

A judge has approved a plan to sell an insolvent St. Lawrence fluorspar mine, mill and marine terminal to a new owner, with a formal share purchase agreement to be formalized as early as Friday, the CBC reported. The purchaser plans to restart the operation, though a timeline has not been revealed. Those owed money by Canada Fluorspar Inc., however, can expect "substantial" losses, or zero repayment on liabilities that total more than $140 million, according to Justice Alexander (Sandy) MacDonald of the Supreme Court of Newfoundland and Labrador.

The Bank of Canada on Wednesday hiked its overnight rate to a 22-year high of 4.75%, and markets and analysts immediately forecast yet another increase next month to ratchet down an overheating economy and stubbornly high inflation, Reuters reported. The central bank had been on hold since January to assess the impact of previous hikes after raising borrowing costs eight times since March 2022 to a 15-year high of 4.50% - the fastest tightening cycle in the bank's history.