The Israel-Hamas war could have a significant impact on economic growth and inflation in the euro zone unless energy price pressures remain contained, according to Goldman Sachs . The ongoing hostilities could affect European economies via lower regional trade, tighter…
Read more
The sudden freefall of the Nigerian Naira versus the US dollar has caused widespread shock and alarm in the banking and investment industries. Nigeria’s naira hit a record low of 1,200 per dollar on the black market, online platform abokiFX…
Read more
The U.S. Treasury Department said on Monday it expects to borrow $776 billion in the fourth quarter, $76 billion less than its forecast in July, citing increased revenue estimates, bringing some relief to bond markets rattled for months by a…
Read more
European stocks rose as bond yields cooled after the US slowed the pace of its planned sales of longer-term securities, while investors awaited the Federal Reserve’s interest rate decision later Wednesday. Orsted A/S slumped after a $4 billion writedown. The…
Read more
Spot prices for the precious metal have climbed 8% since the end of September to trade at nearly $2,007 per Troy ounce Tuesday, per data from Refinitiv. Bullion prices have surged since Hamas’ first attack on Israel on October 7.…
Read more
What could be more delightful than a trip to Greece to meet Yanis Varoufakis, the charismatic leftwing firebrand who tried to stick it to the man, AKA the IMF, EU and entire global financial order? The mental imagery I have…
Read more
In the heart of Beijing, within the confines of the Colombian Embassy, a crucial conversation unfolded. Colombia’s President Gustavo Petro sat across from representatives of the Chinese firm Harbor Engineering Company Limited, discussing the contours of Bogotá’s future. The topic:…
Read more
Nigeria, South Africa, Egypt and Algeria were among the top 20 nations globally whose nationals were making investment migration enquiries last year, a new report said. South Africa and Nigeria were fourth and eighth in the world in terms of…
Read more
Ukraine’s gross domestic product grew by around 9.1% year-on-year in September 2023, the economy ministry said on its website on Wednesday, citing preliminary data. The ministry also said GDP over the first nine months of 2023 rose by 5.3% compared…
Read more
Yasir Al-Rumayyan, the governor of Saudi Arabia’s Public Investment Fund (PIF) and Chairman of Saudi Aramco, said governments and businesses are unable to sustain the level of spending that they did in the past and they must now reduce spending…
Read more
