Finance

CAPE TOWN, South Africa — European Union leaders announced 4.7 billion euros ($5.1 billion) in investments in South Africa on Thursday to support green energy and vaccine production, and agreed to start talks on new trade deals with Africa’s most […]

Global shares were mixed on Wednesday as investors weighed the impact of U.S. President Donald Trump’s tariffs after another day of losses on Wall Street. U.S. futures and oil prices were higher. France’s CAC 40 edged up 0.9% in early […]

Bolivia’s new state gold trading firm plans to quadruple purchases this year as a way of boosting reserves of the high-flying metal for the nation’s struggling central bank. Known as Epcoro, the company has already bought a ton of gold […]

The European Union stepped its fomenting trade war against the U.S. with a €26 billion ($28 billion) round of import tariffs, announced almost immediately after the U.S. rolled out a 25% tariff on steel and aluminum coming from the bloc. […]

Africa Finance Corporation (AFC), the continent’s leading infrastructure solutions provider, had the honour of closing the market at the London Stock Exchange (LSE) in recognition of its pivotal role in mobilising global capital for Africa’s economic transformation. The LSE accolade […]

South Africa’s net foreign reserves rose to $61.733 billion at the end of February from $61.328 billion in January, central bank data showed on Friday. Gross reserves increased to $66.264 billion in February from $65.876 billion the prior month. The […]

U.S. President Donald Trump imposed sweeping tariffs on Canadian goods earlier this week, and Canada retaliated with tariffs of its own. However, Trump has now allowed a one-month exemption for the auto sector and some other goods. Martinrea reported a […]

A $439 billion rally in Chinese tech megacaps this year has left their once-unbeatable US peers in the dust, an outperformance that many investors say has room to extend. An equal-weighted basket of China’s seven tech heavyweights including Alibaba Group […]

The UK’s financial sector regulator banned two former senior bankers at Credit Suisse Group, who pleaded guilty in the US to being part of bribery in the $2 billion bond fraud in Mozambique. The Financial Conduct Authority banned Andrew Pearse, […]

Kuwait and Egypt’s non-oil private sectors maintained growth in February as business activity increased in both countries, according to S&P Global. In its latest report, the financial services firm revealed that Kuwait’s Purchasing Managers’ Index stood at 51.6 in February, […]