In the wake of myriad challenges, from supply chain disruption to climate shocks, geopolitical tensions and economic competition, a new industrial model is emerging that is reshaping trade – and revolutionising the international export finance system. Across the globe, nations […]
China is owed over $1 trillion (€935 billion) through its Belt and Road Initiative (BRI), making it the world’s biggest debt collector, a report has said. The report, published on Monday by researchers at AidData, showed the world’s biggest bilateral […]
The outflows (are) mostly due to regional funds’ rebalancing out of China, in which European-domiciled funds led,” Morgan Stanley analysts led by Gilbert Wong said. According to Morgan Stanley, persistent outflows have resulted in foreign long-only managers being their most […]
$40,000,000,000 in Unrealized Losses Hits JPMorgan Chase As Bank of America, Wells Fargo and Citigroup Face Exposure to US Treasuries: Report JPMorgan Chase has quietly revealed tens of billions of dollars in losses on securities, according to a new report […]
Berkshire Hathaway on Saturday reported a big jump in third-quarter operating earnings, while sitting on a record amount of cash as Warren Buffett saw few dealmaking opportunities. The Omaha-based conglomerate’s operating earnings — which encompass profits made from the myriad […]
Finance Minister Enoch Godongwana said government spending has exceeded revenue since the 2008 global financial crisis, which puts it on the road to a fiscal crisis. Godongwana revealed the country’s dire finances during his medium-term budget policy statement, released on […]
Africa wants the U.S. Congress to renew its flagship trade programme for the continent for at least 10 years, the African Union’s top trade official said on Thursday, adding that any modifications to the initiative should only be considered later. […]
The US government on Wednesday launched a new public-private partnership to try to enrol the corporate sector in its competition with China for control over strategic minerals in Africa and beyond. The State Department is partnering with the non-profit SAFE […]
The U.S. government’s borrowing needs will decline slightly in the final three months of 2023 from the prior quarter, a potentially important development during a turbulent time for the global bond market. In a closely watched announcement Monday afternoon, the […]
German Chancellor Olaf Scholz departed Berlin for Nigeria on Sunday, on what is his third trip to Africa since taking office almost two years ago. German President Frank-Walter Steinmeier is set to do likewise on Monday, when he will arrive […]
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