California’s economy has surpassed Japan’s, making the Golden state the fourth largest economy in the world, Governor Gavin Newsom announced on Thursday. The state’s nominal GDP reached $4.1tn, according to data from the International Monetary Fund and the US Bureau of Economic Analysis, […]
Korean shipping companies and shipbuilders are emerging as potential beneficiaries of the U.S. Trade Representative’s (USTR) recent decision to impose new port fees on ships built or operated by Chinese firms. Citing the low share of Chinese-built vessels in HMM’s fleet, […]
The European Union’s first preference is to reach a negotiated solution with the United States over trade, but if discussions do not lead to a solution, the EU will respond with countermeasures, European Union Commissioner for the Economy Valdis Dombrovskis […]
Chinese Ambassador to Nigeria, Yu Dunhai, says the challenges posed by the tariffs which the U.S. recently imposed on global trade will bolster China-Nigeria economic and trade ties. Mr Yu, who made this known during a news conference on Friday […]
Over the past decade, Africa’s mineral reserves have attracted increasing attention from global powers. In December 2024, U.S. President Joe Biden made a strategic visit to Angola, signaling America’s renewed interest in Africa’s resources. This visit coincided with China’s growing influence in the region, as […]
Some of Nigeria’s leading companies incurred a combined forex loss of N2.17 trillion in the financial year 2024, according to data collated by Nairametrics from published financial statements. The sheer size and magnitude of the losses were so significant that they negatively […]
Goldman Sachs raised its end-2025 gold (GC=F) price forecast to $3,700 per ounce from $3,300, with a projected range of $3,650-$3,950, citing stronger-than-expected demand from central banks and higher exchange-traded fund inflows due to recession risks. “If a recession occurs, […]
European Union leaders are planning to travel to Beijing for a summit with Chinese President Xi Jinping in late July, according to five people familiar with the arrangement. The plan suggests a second successive EU-China summit would be held in the Chinese capital, […]
Though President Donald Trump has said his aggressive tariff strategy, unveiled this week, will make the markets “boom,” it has so far resulted in a rout, with U.S. equity markets suffering their worst week since March 2020 and more pain likely on the […]
U.S. investment bank J.P. Morgan has urged investors to exit long positions in Nigerian Open Market Operation (OMO) bills, warning that global risks—driven by falling oil prices and renewed trade tensions—could deepen Nigeria’s macroeconomic vulnerabilities. In a research note dated […]
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