World’s financial structure is against developing countries – Akufo-Addo
President Nana Akufo-Addo has called for a reform of the international financial system, saying, the world’s financial structure is skewed
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Global Economics
Social welfare and economy are priorities for Angola’s Lourenço
The re-elected president of Angola, João Lourenço, took office this Thursday starting his second mandate. In his inauguration speech, João
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Bank of America enlists thousands of employees for wealth lending group
Bank of America Corp created a new group in its global wealth and investment management division to focus on lending
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China Cuts Forex Reserve Ratio in Bid to Support Tumbling Yuan
China slashed the amount of foreign-exchange deposits banks need to set aside as reserves for the second time this year
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Shanghai United Imaging Jumps 75% in Debut Post $1.6 Billion IPO
Shanghai United Imaging Healthcare Co., the latest in a slew of $1 billion-plus listings in mainland China this year, soared
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Gulf buy now, pay later firm Tamara says it raised $100 million
Gulf buy now, pay later (BNPL) firm Tamara said on Monday it raised $100 million in a second round of
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Moscow Exchange starts trading bonds denominated in Chinese yuan
Moscow Exchange has started trading bonds denominated in Chinese yuan as it strives to lure Asian investors, at first offering
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Crude Erases War-Driven Gains as Recession Fears Hammer Markets
Oil dropped to levels not seen since before Russia’s invasion of Ukraine as record US inflation and disappointing earnings from
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Euro hovers above parity before US inflation data
The euro was hovering just above parity with the U.S. dollar on Wednesday while traders focused on U.S. data due
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Euro tumbles to parity with the dollar amid recession fears and the prospect of more US rate cuts
The euro has fallen to parity with the dollar as fears of recession and the prospect of more aggressive interest
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GSE records -24.1% return in dollar term for investors in first-half of 2022
The Ghana Stock Exchange (GSE) ended the first-half of of 2021 with a negative year-to-date return of 24.13% in dollar
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Tunisia struggles to grow more wheat as Ukraine war bites
Tunisian farmer Mondher Mathali surveys a sea of swaying golden wheat and revs his combine harvester, a rumbling beast from
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Colombia’s Petro Names Ocampo Finance Minister in Nod to Market
Colombian President-elect Gustavo Petro named Jose Antonio Ocampo as finance minister in a move that should help ease concerns among
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Europe must give developing nations alternative to Chinese funds, Von Der Leyen says
Europe will mobilize 300 billion euros in private and public funds over five years to fund infrastructure in developing countries
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Sri Lanka’s Economy Has ‘Collapsed,’ Prime Minister Says
Sri Lanka’s economy has “completely collapsed” and an agreement with the International Monetary Fund is the only path to revival,
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