Dollar Declines as Markets Weigh Trump’s Tariff Proposals and U.S. Economic Data
The U.S. dollar edged close to a one-week low on January 7 as investors assessed the potential impact of President-elect…
Category: International
Futures Flat Ahead of Economic Data and Trump Administration Plans
U.S. stock index futures were mostly unchanged as markets awaited important economic data releases and insights into the incoming Trump…
US Federal Reserve Regulator Resigns Citing Risk of Dispute
Michael Barr, the vice chair for supervision at the US Federal Reserve, announced his early resignation, citing the “risk of…
Microsoft To Invest $3 Billion In India
Microsoft CEO Satya Nadella announced a $3 billion investment aimed at enhancing the company’s artificial intelligence (AI) and Azure cloud…
African Tech Startups Raise $2.2B Despite Challenges
African tech startups, particularly in Nigeria, Kenya, and South Africa, secured $2.2 billion in funding in 2024 through equity, debt,…
Foreign Investors’ Participation in Nigerian Stock Market Declines
Foreign investors’ participation in the Nigerian stock market has waned, with outflows surpassing inflows by 12.2% year-to-date as of November…
Germany Launches Online Visa Application Platform for Nigerians and Others
Germany has unveiled a new online visa portal designed to streamline the application process for Nigerians and others seeking to…
Microsoft plans to invest $80b in data centres
Microsoft has announced plans to allocate approximately $80 billion in fiscal 2025 to expand its data center infrastructure, primarily to…
Stocks Edge Higher Amid Political and Economic Uncertainty
Global stock markets showed mixed signals on Monday as investors faced a week filled with critical economic data and lingering…
Indonesia’s 2024 Budget Deficit Lower Than Expected at 2.3% of GDP
Indonesia’s unaudited budget deficit for 2024 stood at 507.8 trillion rupiah ($31.38 billion), or 2.29% of GDP, surpassing initial expectations…
Fed May Cut Rates by Over 50 Basis Points in 2025 Says BCA Research
BCA Research predicts the Federal Reserve will ease interest rates by more than 50 basis points in 2025, exceeding the…
Exclusive: China plans record $411 billion special treasury bond issuance next year
According to sources familiar with the plan, China is set to issue 3 trillion yuan ($411 billion) in special treasury…
EIU projects improved Eurobond issuance in 2025
The Economist Intelligence Unit (EIU) forecasts a surge in Eurobond issuance across West Africa in 2025, driven by lower borrowing…
UK Economy Stagnates in Q3 as Challenges Mount for Starmer Government
Britain’s economy recorded zero growth in the third quarter of 2024, according to revised figures from the Office for National…
Wall Street Opens Higher as Investors Welcome US Inflation Data
U.S. stock futures pointed to a positive start on Wall Street after last week’s U.S. inflation data fueled optimism for…
Stakeholders leverage AfCFTA, fintech listings for capital market growth
Nigeria’s capital market has been identified as a critical driver for achieving the government’s $1 trillion economy target by 2030.…
Market Outlook for 2025 Amid Trump Return and Federal Reserve Decisions
As President-elect Donald Trump prepares to return to the White House, U.S. investors anticipating significant changes that will impact the…
Markets in 2024: Wall Street’s high-octane rally keeps investors captive to the US
In 2024, global markets have experienced a surprising surge, with world stocks on track for their second consecutive annual gain…
Brace! Risks stack up for the global economy in 2025
The global economy, having weathered the challenges of inflation and post-pandemic recovery in 2024, faces significant uncertainty heading into 2025.…
USTDA and Meridiam Join Forces for African Infrastructure Development
The United States Trade and Development Agency (USTDA) and Paris-based Meridiam SAS have signed a Memorandum of Understanding (MOU) to…
US Stocks Fall as Fed Signals Slower Pace of Rate Cuts
US stock markets experienced significant declines following the Federal Reserve’s decision to cut interest rates for the third time in…
Bank of England Expected to Maintain Interest Rates at 4.75%
The Bank of England is expected to keep its base interest rate steady at 4.75%, following the Monetary Policy Committee…
Capital Economics sees muted Saudi growth into 2025
Capital Economics forecasts subdued economic growth for Saudi Arabia through 2025, attributing it to conservative oil policies and fiscal consolidation…
Rupee Hits Record Low at 85/USD as Fed Outlook and Economic Pressures Weigh
The Indian rupee has plunged past the 85 mark against the U.S. dollar for the first time, marking a historic…
Senate Proposes Ban on Dollar Salaries and Foreign Currency Transactions
The Nigerian Senate has introduced a bill to amend the Central Bank of Nigeria Act, 2007, prohibiting the use of…
Social dialogue crucial for economic development – ILO
The International Labour Organisation (ILO) has emphasized the critical role of social dialogue in addressing global labor, economic, and social…
Africa Faces $74 Billion Debt Servicing Challenge in 2024 – AfDB
African nations, including Nigeria, require approximately $74 billion for debt servicing in 2024, highlighting the continent’s worsening debt crisis. Speaking…
Bitcoin buyer MicroStrategy jumps on Nasdaq 100 entry
MicroStrategy’s shares surged 4% in premarket trading as the company prepared to join the Nasdaq 100 index, a milestone that…
Morning Bid: Making Bitcoin Great – and above $105,000
Bitcoin has reached a new milestone, soaring above $105,000 for the first time in history, spurred by comments from U.S.…
Rupee slips to record low but central bank steps in to curb losses
On December 12, the Indian rupee reached an all-time low of 84.88 to the U.S. dollar, marking a 0.04% decline.…