Ghana is formalising a new channel for supplying gold-generated dollars to commercial banks, placing its state gold-trading agency at the centre of a key part of the foreign-exchange market. The Ghana Gold Board (GoldBod) said on October 5 it has begun consultations with commercial banks on a Spot FX Sales and Intermediation Framework that will […]
The Africa Credit Ratings Agency (AfCRA), backed by the African Union after nearly a decade of talks, will judge the creditworthiness of countries, businesses and institutions. The Indian Ocean island of Mauritius was chosen as the agency’s home, partly due to its established financial services industry. It aims to offer an alternative viewpoint to the […]
The African Development Bank (AfDB) will launch an initiative to help African governments prepare for credit ratings, President Sidi Ould Tah said on October 1, six days before the African Union-backed Africa Credit Rating Agency (AfCRA) is due to launch in Mauritius. Tah told an S&P Global Ratings emerging markets conference in London that the […]
Taiwan is allocating the equivalent of $13 billion for energy cost support for state power generation company Taipower and refiner CPC, Reuters has reported, to offset the sharp cost inflation resulting from the war in the Middle East. Taiwan is already subsidizing energy costs for consumers to avoid a spike in bills, unlike other countries […]
Canada’s first liquefied natural gas export facility, LNG Canada, will double its capacity in the early 2030s after the Shell-led project announced on Tuesday the final investment decision to proceed with Phase 2 of the plant in Kitimat, British Columbia. LNG Canada in Kitimat, B.C., launched exports in the summer of 2025, after years of […]
Different speeds across core trade pledges As reported by CNBC, soybean purchases, Boeing aircraft commitments and rare earths access are developing unevenly despite their central role in the current U.S.-China trade truce. Analysts say the arrangement is functioning mainly as a limited stabilizer rather than a broader reset in relations. Eric Xiao, head of sales […]
The paper losses on a large Bank of America bond portfolio could have widened by more than $10 billion to over $90 billion in the current quarter, thanks to the fixed-income market’s blistering selloff. While the losses are unrealized, they are significant, and the portfolio has been a drag on the bank’s earnings for several […]
The Indian Basket of crude oil crossed US$100/bbl on September 04, 2026, touching US$101.07/bbl – its highest level since May 2026 – as the conflict in West Asia intensified. As India imported 88.7% of its crude oil requirement in FY26, imports of petroleum, oil and lubricants (POL) rose to US$60.6 billion in Q1FY27 from US$49.2 […]
Saudi Energy Minister Prince Abdulaziz bin Salman announced the discovery on Monday at the International Atomic Energy Agency’s General Conference in Vienna, according to Saudi state television. Geological studies have identified elevated uranium concentrations in the Medina region, while Saudi Arabia is also assessing uranium that could be recovered as a byproduct of its enormous […]
Abu Dhabi’s national oil-and-gas company said it signed a raft of deals with a potential investment value of 5 billion euros ($5.81 billion) with German energy and industrial groups, part of a major investment by the United Arab Emirates. Adnoc said Friday that along with its investment arm XRG and the emirate’s clean-energy company Masdar, […]