MENA debt issuances nearly tripled in value year-on-year (YoY) during the first nine months of 2023 to $61.1 billion, according to data from the London Stock Exchange Group’s (LSEG) Deals Intelligence. However, this was below the value recorded for the previous five years. The number of issues declined 3% over the same period. Saudi Arabia […]
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 financial conditions, higher energy prices and lower consumer confidence, Europe Economics Analyst Katya Vashkinskaya highlighted […]
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 showed, a day after the currency hit a new low on the official market due […]
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 glut of new debt. A U.S. Treasury official said revenue is expected to rise in […]
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 Stoxx Europe 600 climbed 0.9% by 2:03 p.m. in London. Retailers led gains as Next […]
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. Wall Street’s worries about that conflict have boosted safe havens, which tend to retain stable […]
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 before the visit is roughly two parts Zorba the Greek to one part an episode […]
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: the construction of the first line of the Bogotá subway. Source: bnn.network
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 applications, with Egypt, Algeria, Ghana, Kenya, Morocco and Uganda also generating rising numbers of applications, […]
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 with last year when Russia launched its full-scale invasion. It described the figures as positive. […]