Dollar Rally Paused as U.S. Inflation Expectations Decline
The U.S. dollar rally faced a pause on Tuesday as a decline in U.S. consumer inflation expectations influenced traders’ bets…
Category: Business
Gold Prices Extend Decline Amid Strong U.S. Labor Data, Focus Shifts to CPI
Gold prices continued their descent in Asian trade on Monday, following losses from the previous session. The stronger-than-expected U.S. labor…
Japan Urges Swift MOU Signing for Sri Lanka’s Debt Restructuring Amidst Economic Crisis
Japan has reiterated the urgency of promptly finalizing the signing of a Memorandum of Understanding (MoU) between Sri Lanka and…
Dollar Gains Ground as Market Awaits U.S. Inflation Report
The U.S. dollar experienced a broad uptick on Monday, reflecting subdued risk appetite as investors awaited a crucial U.S. inflation…
Nvidia Plans Mass Production of AI Chip for China, Complying with U.S. Export Rules
U.S. chipmaker Nvidia is set to commence mass production in the second quarter of 2024 for an artificial intelligence (AI)…
Geopolitical Tensions, OPEC Output, and Saudi Price Cuts: Impact on Global Oil Markets
Recent developments in the global oil market have been marked by a complex interplay of factors, including geopolitical tensions in…
EAIF Pledges $30 Million Investment to AXIAN Energy’s Ambitious Renewable Energy Expansion in Africa
The Emerging Africa Infrastructure Fund (EAIF), a member of the Private Infrastructure Development Group (PIDG), has committed a senior secured…
IFC Boosts Cabo Verde’s Tourism Sector with €35.5 Million Financing for Oásis Atlântico
The International Finance Corporation (IFC) has unveiled a comprehensive financing package of up to €35.5 million to Oásis Atlântico, a…
IFC Partners with Facility for Energy Inclusion Fund to Drive Clean Energy Access in Africa
On December 22, 2023, the International Finance Corporation (IFC) announced a significant financing collaboration with the Facility for Energy Inclusion…
African Development Bank Leads USD 117 Million Financing for Menengai Geothermal Plant in Kenya
Financial close has been achieved for a USD 117 million financing deal, led by the African Development Bank (AfDB) as…
Renergen’s Helium Discovery in South Africa Unveils Billion-Dollar Potential
South African startup Renergen made an unexpected discovery of abnormally high concentrations of helium in grassy fields near Virginia, Free…
India and Nepal Officially Agree on 10,000 Megawatts Electricity Export Deal
India and Nepal have formalized a significant agreement for the export of 10,000 megawatts of electricity from Nepal to India…
ACP Urges Revision of U.S. Treasury Department’s Green Hydrogen Proposal
The Chief Executive Officer of the American Council on Renewable Energy (ACP), Jason Grumet, has issued a statement in response…
Global Stock Markets Slip as Rate Cut Hopes Fade
Global stock markets continued their decline into the new year, with the MSCI’s broad index of world equities falling by…
S&P, Nasdaq Start 2024 on a Lower Note as Tech Giants Struggle
The first trading session of 2024 witnessed a downturn in the S&P 500 and Nasdaq Composite, driven by a decline…
Global Funds Accelerate China Equity Sell-Off in December, Marking Worst Month of 2023
Global long-only funds rapidly divested from China equities in December 2023, recording the highest monthly outflow of the year. This…
Navigating 2024: Investors Brace for Economic Shifts”
As we step into 2024, global investors are anticipating a significant shift in the economic landscape, marked by transitions in…
China’s Major Banks Heighten Scrutiny and Restrict Interbank Lending Amid Property Debt Crisis
In response to the deepening property debt crisis in China, major banks in the country are intensifying their examination of…
Futures Dip as Investors Anticipate Fed Minutes, Tesla’s China-made EV Sales Surge
U.S. stock futures are trending lower as investors react to the Federal Reserve’s upcoming release of minutes from its December…
NNPC and Marketers Clash Over Petrol Subsidy, PMA Proposes N1,200/Litre
Tensions have risen between the Nigerian National Petroleum Company Limited (NNPC) and fuel marketers, represented by the Independent Petroleum Marketers…
Nigeria Borrows $1.71 Billion: Impact on Exchange Rates
In the first nine months of 2023, Nigeria secured $1.71 billion in foreign loans to enhance the country’s foreign exchange…
Changes in U.S. Electric Vehicle (EV) Tax Credits Impact Multiple Models
The landscape of electric vehicle (EV) tax credits in the United States underwent a significant shift as new battery sourcing…
Euro Zone Likely Entered Recession in 2023 as Factory Activity Contracts
Euro zone factories concluded 2023 with a contraction in activity for the 18th consecutive month, signaling a challenging economic environment…
Proparco and 27four Invest R550 Million in Divercity to Expand Affordable Housing in South Africa
Proparco, in collaboration with South African investment manager 27four, has led a R550 million investment in Divercity Urban Property Group.…
Saudi Arabia’s Center3 Acquires CMC Networks for Regional Growth
Center3, a wholly owned subsidiary of Saudi Arabia’s stc Group, has finalized an agreement to acquire CMC Networks, a prominent…
Swedfund Invests USD 32 Million in Apis Growth Markets Fund III to Drive Digitalization and Innovation in Africa and Southeast Asia
Swedfund, Sweden’s development finance institution, has invested USD 32 million in Apis Growth Markets Fund III. The fund focuses on…
Ampersand Raises USD 19.5 Million for Electric Motorcycle Expansion in Africa
Ampersand, Africa’s pioneer in electric transport energy, has successfully raised $19.5 million in a funding round led by Ecosystem Integrity…