What to watch for today
Ghana requests a bailout from the IMF. The cedi has dropped 40% (paywall) against the dollar this year, making it the worst-performing currency in the world. Ghana was once seen as a model economy in sub-Saharan Africa but has suffered rising deficits since it began oil production three years ago.
Another Gaza ceasefire. Israel declared a partial seven-hour break from fighting at 10am local time (3am ET) to allow humanitarian aid to reach the Gaza Strip. The strip’s southern town of Rafah is excluded from the ceasefire, however, and the Israel Defense Forces said it would retaliate against any attack.
The Ebola virus continues to spread. The head of the World Health Organization says Ebola is spreading faster than efforts to control it. The epidemic has claimed more than 700 lives in Guinea, Liberia, and Sierra Leone.
Over the weekend
HSBC played the victim. The British bank reported…
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