Dollar Drifts Near 7-Week Highs As Traders Consider US Rates Outlook
The US dollar clung to seven-week highs against major currencies on Tuesday as investors pondered the outlook for U.S. rates after a strong jobs report last week dashed bets for...
Category: International
China Stock Rally Fizzles As Stimulus News Disappoints
A stock market rally in China has fizzled out as a highly-anticipated announcement on plans to boost the country’s ailing economy disappointed investors. BBC reports that shares had jumped by...
Food Rating Lies exposed by BBC Secret Recording
An undercover BBC investigation has revealed that businesses have been displaying inaccurate food hygiene ratings, with many lying about them when challenged. Secret recording captured businesses from small local restaurants...
BP Abandons Goal To Cut Oil Output, Resets Strategy
BP has abandoned a target to cut oil and gas output by 2030 as Chief Executive Officer, Murray Auchincloss scales back the firm’s energy transition strategy to regain investor confidence....
Bankers Call Out Zimbambwe’s Stabilization Measures
Bankers Association of Zimbabwe (BAZ) has called out new exchange rate strengthening measures by the country’s central bank, which devalued the local unit of exchange. IOL reports that Reserve Bank...
Foreign Inflows in Kenya Double in 12 Months
Foreigners’ portfolio investments in Kenya more than doubled in the 12 months to June this year, reflecting an improving investor sentiment about the country. The East African reports that Portfolio...
Africa’s Energy Demand To Double By 2050
Angola Oil & Gas (AOG) 2024 Ministerial Panel says Energy demand is projected to increase two-fold by 2050. Speaking at the Angola Oil & Gas conference, the panel noted that...
US Dock Workers Suspend Ports Strike Until January
The union representing tens of thousands of dockworkers across the US has agreed to suspend its strike while negotiations continue. BBC reports that members of the International Longshoremen’s Association (ILA)...
