By Andrea Shalal WASHINGTON (Reuters) – International Monetary Fund chief Kristalina Georgieva said she told China’s new top economic official, Li Qiang, that China must accelerate its wor[...]
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Africa
Italian drugs cartels conceal payments via Chinese shadow banks
By Emilio Parodi MILAN (Reuters) – Drugs cartels operating in Italy are increasingly using shadow networks of unlicensed Chinese money brokers to conceal cross-border payments, according to Ital[...]
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Factbox-The developing countries facing a debt crisis
LONDON (Reuters) – The record number of developing nations at risk of a debt crisis will be high on the agenda next week when central bankers, finance ministers and political leaders convene for[...]
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OPEC+ announces surprise oil cuts; U.S. calls move inadvisable
By Maha El Dahan and Ahmed Rasheed DUBAI (Reuters) – Saudi Arabia and other OPEC+ oil producers on Sunday announced further oil output cuts of around 1.16 million barrels per day, in a surprise[...]
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Markets in Q1: Moving fast and breaking things
(Corrects typo in paragraph 28, commercial not commerical) By Marc Jones LONDON (Reuters) – From a red-hot January as China cast off COVID curbs to February’s flop when interest rates surg[...]
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South African catastrophes, power woes signal end of cheap insurance
By Tannur Anders and Promit Mukherjee JOHANNESBURG (Reuters) – Three major jolts in as many years coupled with the once unthinkable possibility of a power grid collapse have spooked reinsurers i[...]
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China-driven growth seen helping emerging assets despite bank worries
By Duncan Miriri LONDON (Reuters) – Stronger Chinese-led emerging markets growth will likely buffer the stocks, bonds and currencies of many developing nations as markets in the United States an[...]
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Corporate giants say anti-LGBT law would hurt Uganda’s economy
NAIROBI (Reuters) – A coalition of international companies, including Google and Microsoft, on Wednesday denounced anti-LGBTQ legislation passed by Uganda’s parliament last week, warning i[...]
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China spent $240 billion bailing out ‘Belt and Road’ countries – study
By Rachel Savage JOHANNESBURG (Reuters) -China spent $240 billion bailing out 22 developing countries between 2008 and 2021, with the amount soaring in recent years as more have struggled to repay loa[...]
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