Key African Central Banks to hold rates on CPI, oil prices

Africa’s key central banks are expected to hold benchmark interest rates at their first meetings of the year – albeit for different reasons.

China's growth set to slow to 6.3% in 2019

China’s economy is expected to cool further this year as domestic demand weakens and exports are hit by U.S. tariffs, a Reuters poll showed on Thursday, reinforcing views Beijing will need to roll out more stimulus measures.

Global debt hits $244 trillion

The world’s debt pile is hovering near a record at $244 trillion, which is more than three times the size of the global economy, according to an analysis by the Institute of International Finance.

Latest Stories From International
VW, Ford team up on trucks, eye deals on EVs, self-driving cars

Volkswagen AG and Ford Motor Co said they will join forces on commercial vans and pickups and are exploring joint development of electric and self-driving technology, actions meant to save the automakers billions of dollars.

Posted: 1 day ago   Views: 1098
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Zimbabwe to introduce new currency due to dollar shortage

Zimbabwe will introduce a new currency in the next 12 months, the finance minister said, as a shortage of US dollars has plunged the financial system into disarray and forced businesses to close.

Posted: 2 days ago   Views: 2415
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UK car insurance premiums fall six percent in 2018 - Survey

The cost of a comprehensive motor insurance policy fell 6 percent in Britain in 2018, according to a survey, which indicated potential trade barriers brought on by the country’s looming exit from the European Union would hurt prices in 2019.

Posted: 2 days ago   Views: 1261
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Newmont to buy Goldcorp in $10bn deal to create world's largest gold producer

Newmont Mining Corp said on Monday that it would buy smaller rival Goldcorp Inc in a deal valued at $10 billion, creating the world’s biggest gold producer by output.

Posted: 3 days ago   Views: 3963
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UAE economy forecast to grow by 3.8% between 2019, 2023: Analysis

The UAE is forecast to achieve an average real GDP growth rate of 3.8% between 2019 and 2023, supported by an increase in investment flows and private consumption, according to a new analysis from Dubai Chamber of Commerce and Industry.

Posted: 3 days ago   Views: 1819
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Is it time to give up on the World Bank?

Its outgoing president thinks he can do more to build infrastructure in the developing world by working in the private sector. He’s right. 

Posted: 6 days ago   Views: 3383
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Top Chinese retailers slash iPhone prices

Two major Chinese retailers have slashed prices on Apple Inc.’s latest iPhones, an unusual move that underscores how demand for the marquee device is flagging in the world’s largest smartphone market.

Posted: 6 days ago   Views: 5061
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U.S. oil exports to Asia set to rise in Q2 of 2019

U.S. crude oil exports to Asia are set to rise in the second quarter as sellers cut prices following sharp drops in freight rates and expected weaker demand in the United States, trading and shipping sources said.

Posted: 6 days ago   Views: 2375
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World Bank cuts oil price forecast to $67 in 2019-2020

The World Bank expects oil prices to average $67 a barrel this year and next, down $2 compared to projections from June last year, the bank said in its Global Economic Prospects report.

Posted: 7 days ago   Views: 2927
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AfDB supports Nigeria’s membership in ATI with $14.12m

The African Development Bank Group (AfDB), through its Trade Finance operations, has approved a $14.12 million facility to support Nigeria’s membership in the African Trade Insurance Agency (ATI). 

Posted: 8 days ago   Views: 3419
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