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. […]
As higher interest rates and the cost of living increasingly pinch Canadians’ wallets, consumers ranked Bank of Montreal highest in J. D. Power’s annual customer satisfaction survey. The Montreal-based firm unseated last year’s top-ranking bank, Royal Bank of Canada , which came a close second, with Canadian Imperial Bank of Commerce third. Among the midsize banks, Tangerine Bank took […]
Dozens of China-listed companies announced plans on late Monday to buy back shares or scrap plans of stock selling, following a slew of measures authorities took to boost a flagging stock market. This follows more than a hundred Chinese companies committing to buybacks or withdrawing share sales in August after China imposed new rules as […]
Adani Ports’ total cargo for the first half of the 2023-24 fiscal reached 202.6 million metric tonnes (MMT), crossing the 200 MMT milestone in the initial six months of the year, according to the filing. The growth was contributed by all three cargo types — dry bulk (32 per cent), containers (20 per cent) and […]
The end to Saudi Arabia’s oil production cuts may be closer than investors anticipate, Bob McNally, founder of the Rapidan Energy Group, told Bloomberg TV on Thursday. US crude prices hit their highest level for the year this week, but pulled back Thursday to $92.51 a barrel. Still, some in the industry have warned of […]
The dollar hit a 10-month high on Wednesday, pushing the euro to an almost nine-month low and keeping the yen in intervention territory, as investors bet that the United States economy will fair better with higher interest rates than competitors. U.S. Treasuries stabilized after their recent heavy selloff, though yields remained near 16-year peaks, keeping […]
Emerging market stocks recovered from a four-day losing streak at the end of a week packed with major central bank decisions, while the Indian rupee firmed after JPMorgan’s plans to include the country’s local bonds in its debt index. MSCI’s index for emerging market equities .MSCIEF rose 0.8% by 0853 GMT on Friday, bouncing off […]
Stocks retreated on Tuesday as Wall Street awaited the results of this week’s Federal Reserve policy meeting. The Dow Jones Industrial Average lost 297 points, or 0.9%. The S&P 500 slid 0.7%, while the Nasdaq Composite dropped 0.8%. Deere, often seen as a barometer of future economic activity, fell more than 2% in the session. […]
Goldman Sachs has lowered its estimate of the peak U.K. interest rate, even as it forecasts a quarter-point increase by the Bank of England on Thursday. Economists James Moberly and Sven Jari Stehn say the U.K. central bank will take rates to 5.5%, from 5.25%, but no longer see one additional rate hike in November. […]