Finance

After a day trip in Beijing, Bernard Arnault, chairman and chief executive officer of LVMH Moët Hennessy Louis Vuitton, spent Wednesday in Chengdu and Thursday in Shanghai during his whirlwind China trip. Customers who caught wind of his whereabouts crowded shopping malls to glimpse him […]

The Chinese yuan is plummeting against its main rival the US dollar, fueling worries that a slowdown in the world’s second-largest economy will drag on global growth. The renminbi fell as much as 0.6% Monday to just under 7.22 yuan per dollar, trading […]

The credit rating industry in Africa is dominated by three international agencies: Moody’s, S&P, and Fitch. Together they control an estimated 95% of the credit rating business globally. Credit rating agencies are institutions that assess a borrower’s creditworthiness in general terms, or with […]

The vice president of the European Central Bank believes that recent interest rate rises are having an impact and inflation is being tamed. But he still warned of a rocky road ahead, especially for government spending. The vice president of […]

Kenyan President William Ruto does not hold back when describing the global lending system: it is “unfair, it’s punitive, it doesn’t give everybody a fair chance”. Ruto made his blunt assessment in an interview with AFP on the sidelines of […]

TOKYO (AP) — Global shares mostly fell Monday after a short-lived armed rebellion in Russia added to uncertainties over the war in Ukraine. France’s CAC 40 dipped 0.4% in early trading to 7,135.23. Germany’s DAX slipped 0.2% to 15,797.27. Britain’s […]

A number of African countries, including Kenya, Egypt, Zimbabwe, Nigeria, Ghana and Zambia, are currently experiencing shortages of US dollars. The dollar is the dominant currency in international transactions. These countries rely on the US currency to pay for foreign debts, essential goods and industrial inputs. […]

Despite relaxed Covid-19 measures, China’s economic recovery has been less impressive than anticipated, with a weak industrial recovery and lower-than-expected demand for oil impacting global prices. Beijing is considering a package of stimulus measures to boost the economy, with Wall […]

The data represents the countries and territories with net inflows or net outflows of 100 or more HNWIs (namely, the difference between the number of high-net-worth individuals who relocated to and who emigrated away from a particular country during a […]