African central banks meeting in the next three weeks are mostly set to hold interest rates while leaving hikes on the table, amid risks to their currencies from higher borrowing costs in advanced economies and their own domestic challenges. The […]
The surge is compounded by economic pressures, shortage of foreign currency and successive devaluation of the local currency. The Egyptian pound lost more than 50 per cent of its value against the dollar since the Russian war on Ukraine broke […]
The Kingdom’s membership of the G20 is a result of its increasing importance in exporting and pricing of global energy as well as the increase in the volume of its international trade and worldwide impact, the Saudi Press Agency reports. […]
A top government official from South Africa, a G20 member, said the language for the induction of AU into the international trade bloc was up for discussion but could be resolved by Friday. The South African official, who chose to […]
Africa’s vast natural gas reserves are key to bringing energy to Africa’s poorest countries, to a solid industrialisation process throughout the region, and significant poverty reduction. The region is home to 33 of the world’s 46 least-developed countries (LDCs) with […]
Stocks closed lower on Wednesday, marking a third-straight session of losses for the S&P 500 (^GSPC) and underscoring the seasonal trend of market declines in September. But one of Wall Street’s most prominent bulls thinks the S&P could gain another 13% this […]
The US and Vietnam are eyeing developing ties to a higher level, as Washington puts more efforts into using or forcing China’s neighbors to join the US-launched Indo-Pacific strategy and major power competition that aim to contain China’s development. Analysts […]
So far, 2023 has confounded economists, humbled forecasters, and rewarded investors. Despite a rapid rise in interest rates, the U.S. economy continues to grow. Inflation has fallen—if not quite to desired levels—and stocks have entered a bull market, with the […]
KEY POINTS Despite a remarkable rally in stock markets so far this year, concerns have been growing over the potential ripple effect of a prolonged slowdown in the world’s second-largest economy. David Roche, president and global strategist at Independent Strategy, […]
US stocks tumbled Friday, with the Dow on track for its worst week since March. The S&P 500 and Nasdaq Composite are each headed for their third straight losing week. The 10-year Treasury yield soared Thursday to its highest mark […]
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