Nigeria’s foreign exchange reserves are projected to rise to $45bn by the end of 2025, driven by strong investor confidence following the country’s successful $2.3bn Eurobond issuance, according to investment house CardinalStone. In its Macroeconomic Update released on the offering, the firm said the robust appetite for the Eurobonds, which recorded a 5.5x oversubscription, reflects […]
The international reserves of Bank Negara Malaysia (BNM) amounted to US$123.8 billion as at Oct 31, 2025, compared with US$123.4 billion as at Oct 15, 2025. In a statement on Friday, the central bank said the reserves position is sufficient to finance 4.8 months of imports of goods and services and is 0.9 times the […]
Investors overseeing more than US$5 trillion in assets are urging British finance minister Rachel Reeves to double the size of the country’s financial buffer against economic shocks in her Nov 26 budget. Amundi, Europe’s largest asset manager, AXA Investment Managers, Allianz Global Investors and Franklin Templeton want Reeves to increase the fiscal headroom she leaves herself […]
Multisensor AI Holdings Inc. (NASDAQ:MSAI) stock surged 33.3% in premarket trading Friday after the company announced it had entered into a $14 million private placement agreement with 325 Capital and other accredited investors. The deal, disclosed in a regulatory filing, involves the sale of 34.2 million shares of common stock priced at $0.409 per share, […]
Copper rallied to a record, with the US and China on the cusp of a sweeping deal to dial down trade tensions, while a series of supply setbacks at mines have tightened the global market. Three-month futures surged to US$11,142 (RM46,690.55) a tonne on the London Metal Exchange, topping the peak set in 2024. Year […]
During the Future Investment Initiative (FII) conference in Riyadh, BlackRock CEO Larry Fink said investors have turned to gold and cryptocurrencies as a refuge in the face of growing concerns about global financial stability and fears of devaluation of traditional assets. Fink emphasized that the search for crypto assets and gold is driven by fear of […]
British finance minister Rachel Reeves will attend an investment summit in Saudi Arabia on Monday and seek to advance trade talks with other Gulf countries, in what officials said was the first visit to the region by a British finance minister in six years. Saudi Arabia will host its flagship gathering of global political leaders […]
Australia has identified an A$20 billion (RM55.11 billion) investment pipeline across Southeast Asia as Canberra moves into a new phase of its regional economic cooperation, signalling a stronger commitment towards deeper Asean integration. Prime Minister Anthony Albanese said the country’s ambition is to be participants, engaged partners, invested and embedded in the region’s growth, instead of […]
This follows India’s Natco Pharma’s acquisition of all minority shares in a deal valued at around $215 million (R4 billion). Founded in 1890 as a small pharmacy in Krugersdorp, Adcock Ingram evolved into one of South Africa’s most trusted healthcare brands, producing household names such as Panado, Myprodol, Epi-Max, and Allergex. Today, the company is […]
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 […]