(Reuters) – Some Western companies have agreed to sell their Russian assets or hand them over to local managers as they take action to comply with sanctions over the Ukraine conflict and respond[...]
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Africa
Yellen ‘eager’ to work with China on debt, other global challenges
By David Lawder and Aftab Ahmed GANDHINAGAR, India (Reuters) -U.S. Treasury Secretary Janet Yellen said on Sunday she was “eager” to work with China on areas of mutual interest, including[...]
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StanChart to sell sub-Saharan Africa business to Access Bank
DUBAI (Reuters) – Standard Chartered said on Friday it has reached an agreement to sell its subsidiaries in sub-Saharan Africa to Nigeria’s Access Bank, putting into motion a plan announce[...]
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EM portfolios see $22 billion foreign inflow in June -IIF
NEW YORK (Reuters) – Foreigners funneled over $22 billion net into emerging market portfolios in June, the largest amount since January, and China posted its sixth consecutive month of outflows[...]
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Exclusive-Ivory Coast halts cocoa forward sales as rains hit production
By Ange Aboa ABOISSO, Ivory Coast (Reuters) – Ivory Coast has stopped selling contracts for cocoa exports for the 2023-2024 season after heavy rains battered and flooded farms in the world[...]
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Global public debt hits record $92 trillion – UN report
By Jorgelina do Rosario LONDON (Reuters) -Global public debt surged to a record $92 trillion in 2022 as governments borrowed to counter crises, such as the COVID-19 pandemic, with the burden being fel[...]
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S&P Global’s top economist sees dollar dominance diminishing
LONDON (Reuters) – The dollar’s grip as the dominant global currency is loosening, credit rating agency S&P Global’s top economist said on Tuesday. Aggressive U.S. sanctions such[...]
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IMF’s Georgieva expects global growth around 3% for next five years
WASHINGTON (Reuters) – International Monetary Fund Managing Director Kristalina Georgieva said on Tuesday that the IMF expects global growth around 3% annually for the next five years, well belo[...]
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Global energy demand to rise 23% by 2045, OPEC says
By Elisha Bala-Gbogbo ABUJA (Reuters) -Global demand for all forms of energy is forecast to rise by 23% through 2045, OPEC Secretary General Haitham Al Ghais told a Nigerian oil and gas conference on[...]
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