Finance

Luanda – The Angolan Saving and Credit Bank (Banco de Poupança e Crédito) (BPC) recorded profits of around 18.9 billion kwanzas in the second quarter of this year, results that show signs of recovery of this financial institution, after many […]

Hua Hong’s shares opened at 58.88 yuan, 13 per cent higher than the IPO price of 52 yuan, and rose by as much as 15 per cent Hua Hong raised 21.2 billion yuan from the sale of 408 million shares […]

Since the invasion of Ukraine last year, companies have been scrambling to cut ties with Russia. An FT survey found that companies lost 100 billion attempting to leave the state. The Kremlin seized Danone’s and Carlsberg’s assets last month, Putin […]

Billionaire investor Mark Mobius confirmed he has no US investments, saying he is bullish on emerging markets in Asia. “I’m all international and emerging markets in particular,” the Mobius Capital Partners founder said in an interview with CNBC on Thursday. Mobius said […]

Spot gold rose 0.2% to $1 976.57 an ounce. Global equities surged Thursday and the dollar retreated, as investors wagered the Federal Reserve has reached the end of its 16-month long policy-tightening cycle. The Stoxx Europe 600 index rose 1%, […]

It’s down 30% compared to a year ago – and we can only hope the projects actually get off the ground. The latest analysis of the country’s capital projects by Nedbank shows that capital investment in SA is on the […]

Just as individuals must invest and save for the future, so must countries. A Sovereign Wealth Fund (SWF) is basically a country’s endowment to future generations. It is not a fund to be plundered and used to meet current needs, […]

China’s economy is in crisis – and the nation’s youth unemployment problem could be at the root of its current troubles, according to Northwestern University economist Nancy Qian. “To stem the reversal of its economic fortunes, China must address the root of […]

IRA investing expert Tim Schmidt has unveiled his guide to precious metals investing for retirement. Tim, an investor and entrepreneur with an eye on retirement-friendly investment options, has recently begun focusing on investing in precious metals. His understanding of effective […]

Turkey’s central bank on Thursday hiked its key interest rate by 250 basis points to 17.5%, coming in below analyst forecasts of 500 basis points as the country’s monetary policymakers embark on a long and painful mission to tackle double-digit […]