Finance

Nigeria’s economy faces fresh risk as international crude oil prices slump by $10 per barrel, threatening the country’s already stretched fiscals and exposing deep-rooted vulnerabilities in Africa’s largest crude oil producer. The decline, driven by US President Donald Trump’s tariffs […]

Last week, the Chinese government pledged a Ksh1.8 billion ($14 million) grant to Kenya, one of the biggest development assistance packages from Beijing in the recent years. The deal signed by Treasury Cabinet Secretary John Mbadi and Chinese ambassador to […]

Months after President Donald Trump had been hammering Panama over  its most valuable asset, the Panama Canal, an investment group led by BlackRock, a giant American asset manager, has agreed to buy two ports in the place owned by a […]

Four Chinese state-owned banks announced plans on Sunday to introduce the Ministry of Finance (MOF) as a strategic investor through targeted share placements, with their boards having approved proposals to issue A-shares to designated investors. The initiative includes the Bank […]

UK Chancellor of the Exchequer Rachel Reeves likely owes some gratitude to her debt office, which was lauded by analysts for its approach to lowering borrowing cost. Markets were jittery as Reeves laid our her fiscal plans on Wednesday, with […]

The dollar was headed for a steady week on Friday and a quarterly loss next week as concern about tariffs slowing U.S. growth has pushed down U.S. yields, stocks and the currency. The euro, at just below $1.08, was headed […]

The rally in European banking stocks shows few signs of cooling down after another stellar quarter. The Stoxx 600 Banks Index has surged 25% this year, its best three months since 2020. That’s made it the top-performing sector in Europe […]

Serbian oil company NIS, majority-owned by Russia’s Gazprom Neft and Gazprom, is likely to get a last-minute, 30-day extension to its waiver from U.S. sanctions, the CEO of state gas company Srbijagas said on Thursday. The previous waiver is due […]

Macquarie Capital has predicted that the private credit market is set for significant growth in 2025, despite the slower pace of interest rate reductions, persistent valuation gaps and ongoing geopolitical and macroeconomic uncertainty. The firm noted that global M&A is […]

Global renewable energy capacity has surged to a record high in 2024, with 585 gigawatts (GW) of new additions, accounting for more than 90 percent of total power expansion worldwide, according to the latest industry data. The rapid growth was […]