Tag: Debt ceiling

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Debt ceiling hopes lift dollar to seven-week peak

The U.S. dollar hit a seven-week peak on Thursday after President Joe Biden and top U.S. congressional Republican Kevin McCarthy worked towards avoiding a...

Dollar gains after US retail sales; debt ceiling in focus

The U.S. dollar rose on Tuesday after data showed retail sales in April were lower than expected but suggested a firm underlying trend, with...

US on track for June 1 default without debt ceiling hike, Treasury says

 The U.S. Treasury Department reiterated Monday it expects to be able to pay the U.S. government's bills only through June 1 without a debt...

Dollar edges up as market looks to U.S. debt ceiling talks, inflation data

The dollar edged up against major currencies on Tuesday as traders awaited U.S. debt ceiling talks and new inflation data for a clearer picture...

US default on debt would trigger ‘economic catastrophe,’ Yellen says

U.S. Treasury Secretary Janet Yellen on Tuesday warned that failure by Congress to raise the government's debt ceiling - and the resulting default -...

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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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