Tag: China

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Oil heads for weekly losses as Mideast worries ease, China demand uncertain

Oil prices fell more than $2 on Friday, on track for a weekly loss as supply concerns driven by Middle East tensions eased, while...

Oil falls more than 1% as concerns about Mideast supply ease

Oil slipped more than 1% on Monday as concern eased about the Israel-Hamas war affecting supply from the region and as investors adopted caution...

StanChart shares slump on almost $1 billion China hit

StanChart shares fell 12% in London on Thursday before trading was briefly halted, after it announced its profit unexpectedly plunged by a third due...

Dollar stalls as Chinese economy beats expectations

Better-than-expected Chinese growth data on Wednesday boosted Asian currencies, driving the yuan to a one-week high and putting a dampener on the U.S. dollar. A...

IMF says global economy ‘limping along,’ cuts growth forecast for China, euro area

The International Monetary Fund on Tuesday cut its growth forecasts for China and the euro area and said overall global growth remained low and...

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Nigeria strikes deal with Shell to supply $3.8 billion methanol project

Nigeria has struck a deal for Shell (SHEL.L), opens new...

Africa’s $824 billion debt burden and opaque resource-backed loans hinder its potential, AfDB president warns

Africa's immense economic potential is being undermined by non-transparent...

IMF: South Africa needs decisive efforts to cut spending

South Africa needs more decisive efforts to cut spending...

World Bank sounds alarm on ‘historical reversal’ of development for poorest nations

Half of the world's 75 poorest countries are experiencing...

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