Tag: China

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Oil dips as China factory activity shrinks

Oil prices eased on Thursday after data showed China's manufacturing activity shrank for the fifth month in a row, and as investors cautiously awaited...

Toyota plant shutdown happened during system update, sources say

A malfunction that shut down all of Toyota Motor Corp's plants in Japan on Tuesday happened during an update of the automaker's parts ordering...

Dollar eases against euro as investors ponder rate paths, China’s stamp duty

The dollar slid from a 12-week peak on Monday after Federal Reserve Chair Jerome Powell left open the possibility of further rate hikes, while...

World shares rally as China offers markets a hand

World shares rallied on Monday after China announced measures to support its ailing markets, but Western markets remained cautious ahead of European and U.S....

China allows Allianz to set up onshore fund management company

China's securities regulator on Thursday granted approval to Allianz Global Investors (Allianz GI) to set up an onshore fund management company as Beijing vowed...

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World Bank’s Banga says more bilateral debt forgiveness needed

World Bank President Ajay Banga said on Thursday (17...

Ghana, creditor panel agree on debt restructuring, paving way for IMF cash

Ghana has finalised a pact with its official creditor...

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...

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