The US and China have agreed the framework of a potential trade deal that will be discussed when their respective leaders meet later this week, the US treasury secretary has said. Scott Bessent told the BBC’s US news partner CBS that this included a “final deal” on TikTok’s US operations and a deferral on China’s […]
Blackstone Inc will become the largest shareholder in India’s Federal Bank after injecting about US$706 million into the lender. Asia II Topco XIII Pte, an affiliate of the private equity giant, is paying 61.97 billion rupees for warrants that will result in a 9.99% stake in Federal Bank, the lender said in a statement Friday. […]
JPMORGAN Chase & Co plans to allow institutional clients to use their holdings of Bitcoin and Ether as collateral for loans by the end of the year, in a significant deepening of Wall Street’s crypto integration. The programme, offered globally, will rely on a third-party custodian to safeguard the pledged tokens, according to people familiar […]
The forecast was unveiled during the government’s 100-day macroeconomic performance review, which assessed both global trends and the nation’s quarterly outcomes. According to official data, Ethiopia’s economy expanded by 9.2% in the previous fiscal year, propelled by strong gains across key sectors, agriculture (7.3%), industry (13%), and services (7.5%). The country’s growth trajectory, officials noted, […]
Japan’s power generation major JERA will pay $1.5 billion for natural gas assets in the Haynesville basin, the company said today, in line with plans to boost its exposure to U.S. gas. The Japanese company will buy the assets from Williams and GEP Haynesville II, JERA said in a press release, adding that the assets […]
Google has signed the first U.S. corporate power purchase agreement involving natural gas with carbon capture, marking a major shift in how Big Tech plans to fuel the data-hungry future of artificial intelligence. The deal centers on the Broadwing Project, a 400-megawatt gas-fired power plant planned for Decatur, Illinois, developed by privately held Low Carbon […]
South Africa’s 440 billion rand ($25 billion) transmission grid expansion plan has drawn strong global interest, from Indian billionaire Gautam Adani’s energy company to major Chinese state-owned power firms. This marks a pivotal moment in the nation’s effort to stabilise its electricity supply and unlock its renewable potential. Launched in December, the Independent Transmission Projects […]
China has just found the United States’ Achilles heel, and it isn’t in Washington, Silicon Valley or the Pentagon. It’s deep underground, in the form of seventeen metallic elements the world calls rare earths. Beijing has weaponised its dominance over these minerals to squeeze America where it hurts most: defence. Missiles, jets, submarines, satellites: all […]
President Trump said on Tuesday that Washington’s $20 billion bailout for Argentina comes with strings attached — namely, that the ruling party of his ally, President Javier Milei of Argentina, must prevail in the country’s legislative elections this month. “If he loses, we are not going to be generous with Argentina,” Mr. Trump told reporters […]
The rally was powered by a resurgence in industrial and mid-cap equities, led by BUA Cement and several blue-chip stocks. According to a market analysis by Punch, the NGX’s market capitalisation climbed from ₦94.6 trillion to ₦95.2 trillion, representing a 0.65% daily increase. The All-Share Index also advanced by 963.17 points to close at 149,940.81, […]